Corporate governance

Group to honor women for their governance efforts

Group to honor women for their governance efforts

Five executives will be honored for their efforts in promoting corporate governance at the 100 Women in Hedge Funds' annual gala on Nov. 11.

July 13, 2015
Big investors oppose Samsung C&T, Cheil deal

Big investors oppose Samsung C&T, Cheil deal

Pension funds, proxy-voting advisory firms and a big hedge fund shareholder have lined up against the proposed merger of South Korean companies Samsung C&T Corp. and Cheil Industries Inc.

July 10, 2015 | 03:09 pm

PennPSERS seeks proxy-voting research firm

Pennsylvania Public School Employees’ Retirement System, Harrisburg, is searching for a proxy-voting research firm.

July 02, 2015 | 03:12 pm
FSBA report finds gains correlated with proxy-voting decisions

FSBA report finds gains correlated with proxy-voting decisions

Florida State Board of Administration's proxy-voting decisions correlated with a 9.4% increase in cumulative returns based on the original value of holdings, adding $178 million in appreciation to...

July 01, 2015 | 03:08 pm

3 New Zealand asset owners hire BMO for ESG engagement services

Three large public asset owners in New Zealand with combined assets of roughly NZ$65 billion ($44.4 billion) hired BMO Global Asset Management to engage with the management of...

June 30, 2015 | 06:09 am

Japan’s GPIF looking to fill positions overseeing governance, external managers, legal matters

Japan’s Government Pension Investment Fund is searching for three positions overseeing the pension fund’s activities related to the stewardship code the GPIF adopted last year, legal...

June 23, 2015 | 11:44 am
Toyota shareholders approve dual-class shares despite pension fund opposition

Toyota shareholders approve dual-class shares despite pension fund opposition

Toyota Motor Corp. shareholders approved a proposal to create a dual-class share structure by a 75% vote, overcoming opposition from four pension funds.

June 17, 2015 | 01:28 pm
ISS, Glass Lewis on opposite sides of Toyota dual-class vote

ISS, Glass Lewis on opposite sides of Toyota dual-class vote

Proxy-voting advisory firms Institutional Shareholder Services and Glass Lewis & Co. have come out on different sides of a Toyota Motor Corp. proposal to create a dual-class share structure.

June 15, 2015 | 01:32 pm

Glass Lewis acquires German proxy advisory firm IVOX

Glass Lewis & Co. acquired IVOX GmbH, a Karlsruhe, Germany-based provider of proxy advisory and corporate governance services for institutional investors, the firms announced jointly in a statement.

June 12, 2015 | 03:31 pm
Large pension funds oppose proposed Toyota share-class voting structure

Large pension funds oppose proposed Toyota share-class voting structure

Toyota Motor Corp. faces opposition from several pension funds over a proposal to create a dual-class share voting structure.

June 09, 2015 | 03:04 pm

Towers Watson: Golden parachutes becoming 'more shareholder friendly'

Large companies have made golden parachutes — severance paid to executives affected by a change in control — “more shareholder friendly” in reaction to shareholder pressure.

June 04, 2015 | 03:10 pm

BlackRock, Ceres create ESG governance guide for institutional investors

BlackRock teamed up with Ceres to create a guide for U.S. institutional investors on engaging with companies and policymakers on sustainability issues, the two institutions announced Thursday.

May 28, 2015 | 03:43 pm
Chevron shareholders support proxy-access proposal; near majority at Exxon Mobil

Chevron shareholders support proxy-access proposal; near majority at Exxon Mobil

Chevron Corp. shareholders voted 55% in support of a proxy-access proposal, while Exxon Mobil Corp. shareholders voted 49.4% in favor of a similar access proposal, according to preliminary voting...

May 27, 2015 | 03:33 pm

CalSTRS, Legion drop proxy solicitation fight at Perry Ellis

CalSTRS and Legion Partners Holdings withdrew their slate of nominees to the Perry Ellis International Inc. board of directors and ended their proxy solicitation contest “in response to recent...

May 26, 2015 | 03:30 pm
Proxy-access proposal at Chevron gaining pension fund support

Proxy-access proposal at Chevron gaining pension fund support

Pension funds have lined up in support of a proxy-access proposal filed by the New York City Retirement Systems at Chevron Corp., according to their proxy-voting disclosures.

May 26, 2015 | 03:52 pm