Corporate governance

New York comptrollers call on SEC to enforce climate change disclosures at companies

New York comptrollers call on SEC to enforce climate change disclosures at companies

New York state Comptroller Thomas DiNapoli and New York City Comptroller Scott Stringer on Friday said the SEC should “consider enforcement and other actions” to make fossil-fuel...

April 17, 2015 | 04:24 pm
No one wins in proxy recommendation on Wynn Resorts

No one wins in proxy recommendation on Wynn Resorts

Wynn Resorts Ltd. and Elaine Wynn, who has been battling the casino company to keep her board seat, were both handed a setback after a proxy advisory report criticized corporate governance.

April 06, 2015 | 04:30 pm
Fulfilling a valuable purpose

Fulfilling a valuable purpose

Pension funds should stop trying to save the world and reaffirm their focus on securing retirement benefits for millions of participants.

April 06, 2015

Canadian workers’ compensation plan looking for consultant to assist in OCIO search

Workplace Health, Safety and Compensation Commission, St. John’s, Newfoundland and Labrador, is searching for an investment consultant to help the C$1 billion ($796 million) workers’...

April 01, 2015 | 03:48 pm
Wendy's to support proxy access vote following Philadelphia pension fund proposal

Wendy's to support proxy access vote following Philadelphia pension fund proposal

Philadelphia Public Employees Retirement System withdrew a shareholder proposal at Wendy's Co. after the company agreed to submit management-supported proxy access amendments to its certificate of...

April 01, 2015 | 03:42 pm
ADM adopts anti-deforestation policy following N.Y. State Common proposal

ADM adopts anti-deforestation policy following N.Y. State Common proposal

New York State Common Retirement Fund, Albany, announced Tuesday that Archer Daniels Midland agreed to adopt policies under which it will accept from suppliers only soybean and palm oil products that ...

March 31, 2015 | 03:54 pm
Ackman: Shareholder activism driving bull market

Ackman: Shareholder activism driving bull market

Shareholder activism deserves much of the credit for the bullish stock market in recent years, William A. Ackman, founder and CEO of Pershing Square Capital Management, told the more than 560...

March 31, 2015 | 02:34 pm

SEC should increase board diversity disclosure — public pension funds

Nine large public pension funds asked the SEC on Tuesday to require companies to disclose more about their boards’ diversity.

March 31, 2015 | 03:32 pm
Massachusetts treasurer proposes reforms to MassPRIM proxy-voting guidelines

Massachusetts treasurer proposes reforms to MassPRIM proxy-voting guidelines

Massachusetts Treasurer Deborah B. Goldberg proposed a series of reforms to the state's Pension Reserves Investment Management board's custom proxy-voting guidelines on Thursday.

March 26, 2015 | 01:46 pm
Towers Watson: Pay-for-performance disclosures dip in 2014 proxy statements

Towers Watson: Pay-for-performance disclosures dip in 2014 proxy statements

Some 27% of the largest U.S. companies included an executive pay-for-performance discussion in their 2014 proxy statements, down from 28% the previous year, a Towers Watson analysis released Thursday ...

March 26, 2015 | 03:25 pm
eBay revises governance guidelines for board diversity; pension funds withdraw proposal

eBay revises governance guidelines for board diversity; pension funds withdraw proposal

New York State Common Retirement Fund and Trillium Asset Management withdrew a shareholder proposal at eBay Inc., after the company agreed to revise its governance guidelines to include gender and...

March 26, 2015 | 02:44 pm

Institutional investors say ESG has positive impact on alternatives returns — report

Some 57% of asset owners and other institutional investors surveyed believe incorporating ESG into alternative investments decision-making has a positive impact on risk-adjusted returns, said a...

March 24, 2015 | 03:29 pm

Tennessee Consolidated searching for private equity consultant

Tennessee Consolidated Retirement System is searching for a private equity investment consultant.

March 24, 2015 | 01:33 pm
U.S. Steel agrees to disclose political spending following N.Y. State Common proposal

U.S. Steel agrees to disclose political spending following N.Y. State Common proposal

New York State Common Fund withdrew a shareholder proposal it filed at United States Steel Corp. after the company agreed to disclose its political spending.

March 23, 2015 | 01:26 pm
Exxon Mobil to disclose sustainability metrics in setting executive pay

Exxon Mobil to disclose sustainability metrics in setting executive pay

Wespath Investment Management, the investment division of the Glenview, Ill.-based $21 billion General Board of Pension and Health Benefits of The United Methodist Church, agreed to withdraw a...

March 23, 2015 | 03:40 pm