Corporate governance

Surge in shareholder activism straining investors' resources

Surge in shareholder activism straining investors' resources

The proxy season has triggered a gold rush of activist institutional investors challenging companies. But this swell in corporate governance activity could strain investors' resources, especially...

February 03, 2014

Oklahoma Firefighters sues Bob Evans directors over bylaw-vote change

Oklahoma Firefighters Pension and Retirement System, Oklahoma City, sued Bob Evans Farms Inc. directors claiming the board improperly stripped investors of their rights to use a majority vote to...

January 23, 2014 | 04:19 pm
Arbitration threatens to wipe out shareholder rights

Arbitration threatens to wipe out shareholder rights

A new movement would push companies to adopt provisions that could limit shareholders' ability to protect and enforce their rights in courtrooms across the country.

January 21, 2014 | 01:03 pm

Bad medicine

A recent paper says shareholders should be concerned when management teams adopt poison pills in response to hedge fund activism.

January 20, 2014 | 12:01 am

ISBI seeks proxy-voting, ESG advisory services

Illinois State Board of Investment, Chicago, issued an RFP for proxy-voting and ESG advisory services.

January 20, 2014 | 02:11 pm

Institutional investors believe CEOs are overpaid — survey

Some 72% of institutional investors believe the U.S. executive pay model has led to excessive CEO compensation levels, almost four times the 20% of corporate directors holding such a view.

January 16, 2014 | 09:00 am
Pension funds to give executive pay at Aberdeen Asset Management a thumb's down

Pension funds to give executive pay at Aberdeen Asset Management a thumb's down

Aberdeen Asset Management faces opposition to ratification of its executive remuneration report and policy at its annual meeting from the Florida State Board of Administration and Ontario Teachers'...

January 10, 2014 | 03:59 pm

OTPP on say-on-pay in 2014: Go ahead, make my day

Ontario Teachers' Pension Plan will have a shorter fuse in taking a tougher approach this year in say-on-pay proxy voting, including voting against board members when it sees a disconnect between...

January 09, 2014 | 03:49 pm

CII urges SEC to allow shareholders to split proxy votes

Shareholders should have the ability in contested corporate board elections to vote on one ballot for any combination of management and dissident nominees that investors believe will foster long-term ...

January 08, 2014 | 04:07 pm
Investors cool toward loyalty 'rewards'

Investors cool toward loyalty 'rewards'

Few institutional investors embrace the concept of securities that provide differentiated rewards to shareholders based on the tenure of their shareholding, according to a new study by Mercer LLC and ...

January 02, 2014 | 04:47 pm

We're all activists now: unlocking the stewardship potential of investors

The application of suboptimal governance practices and the inadequate oversight of risk can have a significant toll on shareholder returns. The continued difficulties and challenges faced by a number ...

December 23, 2013
CalPERS' Simpson criticizes Icahn's Apple push as 'Johnny come lately'

CalPERS' Simpson criticizes Icahn's Apple push as 'Johnny come lately'

Activist investor Carl Icahn's attempt to get Apple Inc. to return money to shareholders was criticized by CalPERS.

December 13, 2013 | 01:34 pm

6 Danish pension funds dropping out of UNPRI over governance concerns

Six Danish pension funds are leaving the United Nations-backed Principles for Responsible Investment over governance concerns with the private organization, the pension funds announced in a joint...

December 13, 2013 | 04:27 pm
Presumption of company stock

Presumption of company stock

The Department of Labor's intervention seeking a U.S. Supreme Court hearing on the responsibilities of fiduciaries concerning company stock as an investment option in defined contribution plans might ...

December 09, 2013
SEC round table discusses shift in who pays for proxy-voting services

SEC round table discusses shift in who pays for proxy-voting services

Money managers might need to charge clients for proxy voting to help finance the expense , Michelle Edkins, managing director and global head of corporate governance and responsible investment,...

December 05, 2013 | 04:20 pm