GOVERNANCE
Pension funds expressed their dissatisfaction with Toyota over what they see as lobbying activity that is slowing down a green transition.
Asset owners in the U.S. and U.K. have launched the Investor Coalition for Equal Votes to address dual-class share structures.
BlackRock is broadening its shareholder voting choice program to include more investors.
Citing "fundamental improvements in Illinois' fiscal resilience," Fitch Ratings raised the state's credit rating to BBB+ from BBB-.
A shareholder proposal that would have required the removal of Berkshire Hathaway CEO Warren Buffett as its chairman was defeated soundly.
The U.S. has the world's highest average net worth but its median net worth is among the lowest, said the Milken Institute chairman.
Boards of Fortune 500 companies appointed a record share of first-time directors in 2021, according to a report from Heidrick & Struggles.
Nearly 60% of shareholders of Credit Suisse voted to not absolve its board of legal liability for losses from Archegos Capital Management.
CalSTRS is toughening its corporate governance policy, planning to vote against directors of public companies that are working too slowly.
An overall lack of guidance bedevils efforts to reform U.S. public retirement system boards, says a consultant on governance.
