BlackRock Is Getting Used to Being in the ESG Crossfire – Bloomberg

As firms led by BlackRock face increasing criticism from America’s right wing, they’re also hearing claims of greenwashing from progressives. New York City Comptroller Brad Lander wrote in September to BlackRock Chief Executive Officer Larry Fink, saying the Big Apple was “ re-assessing” its business with the firm because it isn’t doing enough to push corporations to do…

Anti-ESG Shareholder Proposal at Microsoft

Prepare for even more Trojan horse shareholder proposals from “anti-woke” sources. Microsoft, like other household name companies, attracts a lot of shareholder proposals, and this year’s include inclusive hiring of formerly incarcerated candidates, and reports “assessing how the Company’s 401(k) retirement funds manage the growing systemic risk to the economy created by investing retirement plan…

Agenda – ISS Unveils More than 20 New Factors in Governance Assessments

Influential proxy advisory firm ISS today announced a slew of new updates to its Governance QualityScore methodology, which the firm uses to analyze and rank companies’ risk levels when it comes to key governance topics for its institutional investor clients. The changes add 23 new factors, raising the number of total potential governance indicators considered…

Elon Musk Dissolves Twitter Board, Crowns Himself as ‘Sole Director’

This is why there’s a G in ESG — a governance risk red flag the size of Alaska. We suspect that Musk’s other equity investors will have something to say about this. Elon Musk dissolved Twitter’s board and made himself the “sole director” of the company after all previous members were removed from their roles,…

Agenda – SEC’s Clawback Rule Could Change Compensation Structures

After years of anticipation from corporations, institutional investors and better-business advocates, the Securities & Exchange Commission adopted its final clawback rule this week requiring companies to recover erroneously awarded incentive-based compensation after making a financial restatement. The new rule will force companies to craft policies aligned with the SEC’s standards — and that also goes…

ISS: Support for U.S. Shareholder Proposals on Climate in 2022

Without data on how many proposals were withdrawn following successful negotiations, it is hard to evaluate these conclusions. Despite a steady decrease  in the portion of environmental and social proposals receiving less than majority support from 2017 through 2021, 2022 bucked the trend likely due to  some institutional investors viewing them as overly prescriptive as…

More Useless Propaganda from Strive’s Vivek Ramaswamy

Vivek Ramaswamy, of the anti-ESG, Peter Thiel-backed Strive fund, is still trying to hide slanted sales material as legitimate commentary, this time at the Harvard Law School Forum on Corporate Governance. Note below, per our comments, that he beings with points no one is arguing with — institutional investors are fiduciaries who must make all…