With Rex W. Tillerson, chairman and CEO of Exxon Mobil Corp., leaving to become secretary of state in the new Trump administration, pending Senate confirmation, the timing is opportune for his...
December 26, 2016
The U.K. defined benefit market needs a “nuclear deterrent” for pension fund sponsors that might seek to avoid their responsibilities, recommends the Work and Pensions Committee.
December 21, 2016 | 06:56 am
Legg Mason's largest shareholder, Shanda Group, plans to increase its stake in the money manager to 15% from 10%.
December 19, 2016 | 12:24 pm
National central banks will implement the remainder of the European Central Bank’s asset-backed securities purchase program starting April 1, rather than money management firms.
December 15, 2016 | 03:17 pm
Asset owners and money managers have important roles to play in encouraging the companies in their portfolios to improve climate-related financial disclosures.
December 14, 2016 | 03:19 pm
Wells Fargo & Co.'s move to permanently separate the chairman and CEO roles came only after the filing of a new shareholder proposal seeking the change by a group of asset owners.
December 12, 2016
Four Danish pension funds will rejoin the Principles for Responsible Investment, following three years of critical dialogue with the PRI's board.
December 08, 2016 | 12:25 pm
Wells Fargo & Co. will separate the chairman and CEO roles, a move adopted after the Connecticut Retirement Plans & Trust Funds and four other institutional investors jointly filed a shareholder...
December 02, 2016 | 03:56 pm
Corporate governance practices are converging globally and becoming stricter, according to a report released Wednesday by Global Governance and Executive Compensation Network and executive...
November 30, 2016 | 03:35 pm
The U.K.'s Pensions and Lifetime Savings Association and investment managers welcomed a green paper from Prime Minister Theresa May aimed at addressing executive pay and strengthening the corporate...