Global investor concerns about the reliability of oversight of Chinese companies following the problems at Evergrande are further validated by this review of Chinese banks and insurance firms, sectors that should be at the top of the list for security. The China Banking and Insurance Regulatory Commission (CBIRC) announced on November 12 that some of…
Agenda – ISS Sets ‘Minimum’ Bar for Boards on Climate in Proposed Policy Changes
It’s essential to remember that ISS is market-driven and these changes are a reflection of their response to client demand and not an indicator of their intention to lead on climate issues. Proxy advisory firm Institutional Shareholder Services today published its annual list of proposed policy changes for the 2022 proxy season, and it includes…
SEC Rescinds Trump-era Policy, Eases Path for Shareholder Proposals on Environmental, Social Issues – WSJ
The Securities and Exchange Commission reversed a Trump-era policy and acted Wednesday to streamline the process for shareholders to propose resolutions on environmental or social issues during the coming proxy season. The SEC rescinded guidance that since 2017 helped company managers to exclude some shareholder proposals from their annual proxy statements. The change reflects the…
Right-Wing ESG Fund Touts First Year Results
American Conservative Values ETF (ACVF), a fund steering conservative investors away from companies deliberately funding or supporting liberal political objectives, says that they are celebrating their first successful year of trading. This measure of success is based on AUM and their press release does not go into detail about performance relative to the companies they exclude from…
MSCI Introduces ESG Ratings & Climate Search Tool
We are proud to be a leader in driving ESG and Climate transparency to help provide investors with much needed clarity as they sharpen their focus on the financial impact of climate change and raise awareness of the value of ESG data and ratings and improve disclosure standards. Our public ESG Ratings & Climate corporate…
Do Hedge Funds Create Value? 3 Lessons From Danone And Unilever
Hedge funds do not have to disclose to the SEC any intentions to exert control of a company if they own less than 5% of a company. These small stakes can still have huge impact, as we have seen at corporate giants like Exxon and Nestle. Even small hedge funds can have significant influence if…
GM says it supports Build Back Better… and the lobbying campaign to kill it
Judd Legum’s Popular Information reports on the inconsistency between corporate rhetoric in support of the Biden bill and the lobbying in opposition. So do the companies that have been outspoken about the need for significant climate investments support BBB? Or do they support efforts by the Chamber and the Business Roundtable to kill the legislation?…
Tesla’s Growing Investor Revolt | Morningstar
Tesla (TSLA) shares have skyrocketed by more than 1,400% over the past three years, but that doesn’t mean its shareholders are entirely happy with the company’s management. There’s a growing shareholder revolt around Tesla’s handling of employees, diversity, and its board of directors that played out at its most recent company meeting. If it weren’t…
NAM Sues SEC Over Suspension of Proxy Advisory Firm Rule
The NAM is filing suit against the SEC for refusing to enforce the rule without going through the official process to change or replace it, as required under the Administrative Procedure Act. Agencies cannot set aside regulations they happen to disagree with, and the NAM is contending that the SEC has acted unlawfully by effectively…
OECS invites comments on its Stakeholder Engagement Strategy
Stakeholders are being invited to input into development of a Stakeholder Engagement Strategy for the Organisation of Eastern Caribbean States (OECS). Development of this Strategy will fulfil a mandate from the OECS Council of Ministers for Environmental Sustainability (COMES) and contribute to efforts aimed at the management and sustainable use of marine and terrestrial biodiversity…
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