Corporate governance

Good governance crucial to bringing investment management in-house

Good governance crucial to bringing investment management in-house

Rock-solid support from pension fund boards of trustees, investment committees or whatever entity holds fiduciary responsibility is absolutely essential for internal investment management.

June 13, 2016

Old Republic's resistance

Old Republic International Corp.'s annual meeting shows how challenging it is for asset owners to hold boards of directors accountable to shareholders.

June 13, 2016

Institutional Shareholder Services adds platform for governance, responsible investment data

Institutional Shareholder Services introduced an analytical tool enabling portfolio managers and other institutional investors to mine the governance and responsible investment data across the...

June 08, 2016 | 03:44 pm

Shareholders rejecting fewer pay packages this year — report

Shareholders voted their shares on average 91% to ratify executive compensation in advisory say-on-pay voting so far this proxy season, said a Willis Towers Watson report released Wednesday,...

June 08, 2016 | 03:31 pm
N.Y. governor order requires state agencies to divest from companies boycotting Israel

N.Y. governor order requires state agencies to divest from companies boycotting Israel

New York Gov. Andrew Cuomo issued an executive order to state entities telling them to divest all public funds from companies and organizations supporting the boycotts, divestment and sanctions...

June 06, 2016 | 04:30 pm
More pension funds join chorus opposing GM pay package

More pension funds join chorus opposing GM pay package

California State Teachers' Retirement System, Canada Pension Plan Investment Board and Florida State Board of Administration joined other large pension funds and proxy-voting advisory firms in...

June 06, 2016 | 03:30 pm

Coalition of public officials calls for broader diversity on corporate boards

A coalition of 14 state and city financial officials who are trustees of public retirement funds representing more than $1 trillion in assets, is calling on corporations to embrace more racial and...

June 01, 2016 | 04:13 pm
Pension funds, proxy-voting firms split on compensation at TJX Cos.

Pension funds, proxy-voting firms split on compensation at TJX Cos.

Pension funds and proxy-voting advisory firms lined up on different sides on whether to support ratification of the pay of Carol Meyrowitz, executive chairman; Ernie Herrman, CEO and president; and...

May 31, 2016 | 12:27 pm

Florida State Board rehires 4 governance firms

Florida State Board of Administration, Tallahassee, rehired Glass Lewis and Institutional Shareholder Services to provide company-specific corporate governance...

May 31, 2016 | 03:26 pm
Priceline Group adopts N.Y. State Common board diversity proposal ahead of meeting

Priceline Group adopts N.Y. State Common board diversity proposal ahead of meeting

The New York State Common Retirement Fund, Albany, withdrew a shareholder proposal at The Priceline Group Inc. because the company agreed to include race and gender when it considers nominating board ...

May 31, 2016 | 03:13 pm

Old Republic International shareholders approve CalPERS-sponsored proxy proposal

Old Republic International Corp. shareholders passed a proxy-access proposal May 27 sponsored by CalPERS that allows shareholders to nominate company directors, a CalPERS news release said.

May 31, 2016 | 03:10 pm
SEC does the right thing

SEC does the right thing

In the shareholder voting at Chipotle Mexican Grill Inc. on May 11, a shareholder proposal trounced a management proposal on the same issue: proxy access. The management proposal received 23.6% of...

May 30, 2016
 Pension funds, proxy-voting firms against General Motors pay package

Pension funds, proxy-voting firms against General Motors pay package

General Motors Co. faces opposition to the ratification of the pay of Mary T. Barra, chairman and CEO, and other top executives from the Ontario Teachers' Pension Plan, Texas Teacher Retirement...

May 27, 2016 | 10:51 am
Canada Pension Plan, Texas Teachers oppose Wal-Mart pay

Canada Pension Plan, Texas Teachers oppose Wal-Mart pay

Canadian Pension Plan Investment Board, Texas Teacher Retirement System and Institutional Shareholder Services oppose ratification of the pay of the CEO of Wal-Mart Stores Inc., while Glass Lewis...

May 27, 2016 | 04:07 pm
Exxon Mobil shareholders pass proxy-access proposal; climate-reporting bid rejected

Exxon Mobil shareholders pass proxy-access proposal; climate-reporting bid rejected

Exxon Mobil Corp. shareholders voted against a proposal calling for climate-change risk reporting and an independent chairman but did approve a proxy-access proposal, said a webcast of the...

May 25, 2016 | 03:09 pm