Corporate governance

Shareholders right to push for change at Wells Fargo

Shareholders right to push for change at Wells Fargo

To the editor:

January 06, 2017 | 10:47 am
A strong company's weakness

A strong company's weakness

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
Parliamentary committee calls for greater powers for U.K. Pensions Regulator

Parliamentary committee calls for greater powers for U.K. Pensions Regulator

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
Shanda Group to increase stake in Legg Mason to 15%

Shanda Group to increase stake in Legg Mason to 15%

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
ECB moving bond buying to central banks from external money managers

ECB moving bond buying to central banks from external money managers

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
FSB task force calls for climate-related disclosures by companies

FSB task force calls for climate-related disclosures by companies

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

Strengthening oversight at Wells Fargo

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
4 Danish pension funds rejoin PRI, citing governance, transparency improvements

4 Danish pension funds rejoin PRI, citing governance, transparency improvements

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 agrees to separate chairman and CEO roles after pressure from asset owners

Wells Fargo agrees to separate chairman and CEO roles after pressure from asset owners

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 growing globally, report says

Corporate governance growing globally, report says

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
U.K. prime minister proposes stronger corporate governance measures

U.K. prime minister proposes stronger corporate governance measures

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...

November 29, 2016 | 03:48 pm