Corporate governance

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
Large pension fund fiduciaries fire back at share-buyback policies

Large pension fund fiduciaries fire back at share-buyback policies

The chief financial officers of two large states and two large cities on Wednesday issued an open letter in their role as pension fiduciaries criticizing the practice of share-buybacks by...

May 20, 2015 | 04:26 pm
The dividends of diversity

The dividends of diversity

Companies, and the investment managers that invest in them, are coming under pressure to add diversity to their top ranks.

May 18, 2015
Shareholders reject political lobbying proposal at Aetna

Shareholders reject political lobbying proposal at Aetna

Aetna Inc. shareholders Friday rejected a New York State Common Retirement Fund proposal calling for the company to disclose spending on political lobbying, said Mark T. Bertolini, Aetna chairman and ...

May 15, 2015 | 03:31 pm
Pension funds take different sides on political lobbying proposal at Aetna

Pension funds take different sides on political lobbying proposal at Aetna

Aetna Inc. shareholders face voting Friday on a New York State Common Retirement Fund proposal calling for the company to disclose spending on political lobbying, and pension funds are lined up on...

May 14, 2015 | 04:01 pm