Corporate governance

House committee approves bills tightening proxy firm regulation, SEC cost assessment

House committee approves bills tightening proxy firm regulation, SEC cost assessment

The House Financial Services Committee on Thursday passed separate bills that would tighten regulation of proxy-voting advisory firms and require the Securities and Exchange Commission to assess...

June 16, 2016 | 03:51 pm

GFOR panelists advocate for engagement over divestment to reach ESG objectives

A panel of asset owners and money managers at Pensions & Investments' Global Future of Retirement conference in Washington on Tuesday came down strongly on the side of engagement as a more...

June 14, 2016 | 05:24 pm

Broadridge Financial acquires 4sight Financial Software

Broadridge Financial Solutions acquired 4sight Financial Software, a developer of securities finance and collateral management systems, the companies announced Tuesday in a news release.

June 14, 2016 | 03:25 pm

CII sends letters opposing proxy-voting, SEC assessment legislation

The Council of Institutional Investors sent letters to congressional leaders opposing separate legislation that would tighten regulation of proxy-voting advisory firms and require the Securities and...

June 14, 2016 | 04:31 pm
Pension fund executives extol importance of governance — GFOR conference

Pension fund executives extol importance of governance — GFOR conference

Governance remains one of the most important factors to successful pension fund management, said industry executives during a panel discussion Monday at Pensions & Investments' Global Future ...

June 13, 2016 | 03:29 pm
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