Tag Archives | fiduciary

Field Assistance Bulletin 2018-01

Field Assistance Bulletin 2018-01: New Tone, Same ESG Analysis

Field Assistance Bulletin 2018-01 Field Assistance Bulletin 2018-01 issued by Trump administration. Recently, the Employee Benefits Security Administration (EBSA) within the Department of Labor (DoL) released Field Assistance Bulletin 2018-01 (link) relating to ESG (environment, social and governance) and shareholder rights for ERISA governed benefit plans. I set out some brief high-level analysis on the guidance below. (more…)

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Rich Ferlauto on Climate Competency

Climate Competency Needed in Boardrooms

Large institutional investors, concerned about portfolio risks stemming from the effects of global warming, are calling for climate-competent boards and directors as part of their fiduciary responsibility to preserve and enhance the long-term value of their investment assets. Despite the anticipated rollback of climate related governmental policies such as the Environmental Protection Agency’s Clean Power […]

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The Handbook of Board Governance - book cover

The Handbook of Board Governance: Part 3

I continue my review of The Handbook of Board Governance: A Comprehensive Guide for Public, Private, and Not-for-Profit Board Member. With the current post, I provide comments on Part 3 of the book, Risk Governance, Assurance and the Duties of Directors. See prior introductory comments and those on Part 1 and Part 2. I suspect the book will soon be the most popular […]

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CalHR Savings Plus

California’s Savings Plus: Better Proxy Voting Disclosure Needed Part II

This is the second of a two part series. Part I discussed proxy voting at Savings Plus, as compared with at CalPERS.  CalHR’s Current RFP for Savings Plus CalHR recently released a Request for Proposal (RFP 700-14-01) seeking bids for investment management services for Savings Plus. Unfortunately, the RFP fails to require Savings Plus participants be informed […]

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CorpGov.net Blogroll: Recent Posts

SocialFunds.com  –  Mutual Fund Challenged over Proxy Voting on ESG Issues Read this important post from Robert Krupp and follow the example of Zevin Asset Management. It is great to see Jackie Cook’s 2013 Proxy Season Roundup put to good use. Cook found (more…)

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IRRCi Award Winners Announced

Two seminal research papers have won the Investor Responsibility Research Center Institute’s (IRRCi) prestigious annual researchcompetition focused on the interaction of the real economy with investment theory. One research paper highlights the financial market’s ability to learn the value of corporate governance, and the second explores evolving fiduciary responsibilities resulting from the need for long-term value creation. IRRCi Chair Linda […]

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Will Dell Shareowners Get Fair Value?

(Reuters/PRNewswire) Southeastern Asset Management, Inc. the largest outside shareholder of Dell Inc. (NASDAQ: $DELL), today announced that it has sent a letter to the Board of Directors of Dell noting that it believes Dell’s proposed go-private transaction grossly undervalues the Company, and will not vote in favor of the transaction as currently structured.  Southeastern intends […]

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Video Friday: Activism Needs Carrots and Sticks

Sep 19 2012  Bob Monks, founder of GMI, thinks far too few owners participated in the shareholder spring. To promote activism, fiduciaries should be paid but should also be held to account. We should be unequivocal and make clear that society requires effective ownership, he says.  (4m 29sec) (more…)

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Securing Fund Assets: AM Sessions

Disclaimer: These are my notes from the conference of mostly California pension funds. I’m not a very quick note taker, so I have a tendency to fill in the “gaps” with relevant material from the Internet and with my own interpretation of what where I think the speaker was going. These notes are basically a […]

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Shareowner Fiduciary Responsibilities

Lynn Stout has been in the forefront of those asking us to reexamine the role of shareowners. For decades, the possibility that minority shareholders in public firms might use their power in self-serving ways attracted little attention. However, she argues that  until recently minority shareowners have been largely passive.   When minority shareowners have become activists, […]

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CorpGov Bites

Check out the CorpGov Blog, a work in progress. After years of demands that we have indexed articles, an RSS feed and other advantages of blogs, we’re finally beginning to adapt. With our 15th anniversary coming up in 2010, maybe it is time to join the 21st century. Your feedback is appreciated, either via e-mail […]

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