Proposed Legislation to Give Pension Plan Participants Proxy Voting Authority

U.S. Senator Tammy Baldwin has proposed new legislation that would reverse a final rule from the U.S. Department of Labor to limit retirement plans from voting on corporate proxies and undermine workers’ voice in the public companies where they invest. In August, Trump’s Labor Department proposed a rule to discourage ERISA plans from voting their…

Net-zero initiative signs up 30 managers with $9 trillion in assets

Money managers with $9 trillion in assets under management have launched a net-zero initiative, committing to support the goal of net-zero greenhouse gas emissions by 2050. The Net Zero Asset Managers initiative, launched Friday, has 30 initial signatories. The group has committed to support the goal of the Paris Agreement, to limit global temperature rises…

Fossil Fuel Giants Claim To Support Climate Science, Yet Still Fund Denial | HuffPost

More on the disgraceful disinformation campaign conducted by FTI Consulting on behalf of its fossil fuel clients, which included the creation of fake front groups, fake “information” resources, even fake social medial profiles. [D]ocuments and recordings reviewed by HuffPost show that the Independent Petroleum Association of America has spent almost $2 million a year for…

Sprecher’s Insider Trading and the NYSE’s Big Governance Problem Still Persists…and Should Get Worse — The Progressive Investor

When the Chairman and CEO of a Fortune 500 NYSE-listed company is charged with insider trading, complicated by the fact that he is a substantial financial contributor to the political party in power, it’s usually a significant financial news story. But, that not what happened when Jeff Sprecher, founder, Chairman, and CEO of Intercontinental Exchange,…

US: Systematically Hollowing Out Democracy – The Globalist

The 2020 election cost upwards of $14 billion, according to the Center for Responsive Politics, making it not only the most expensive election in history — but twice as expensive as the previous 2016 presidential election cycle. The vast amount of money raised by campaign contributions ultimately is the most telling evidence for the cash-driven…

VEA Vice Chair Quoted on Nasdaq’s proposed new diversity requirements.

Corporate governance expert and vice chair of ValueEdge Advisors Nell Minow said the proposed Nasdaq rules are just one step in the right direction. “It’s about time that the exchanges started stepping up to the plate on some of these issues. They’re in a much better position to address all kinds of corporate governance issues…

Nasdaq Proposes Board-Diversity Rule for Listed Companies – WSJ

Nasdaq Inc. aims to require listed companies to include women and people of diverse racial identities or sexual orientation on their boards, a move that could prompt change at hundreds of companies. The exchange operator filed a proposal with the Securities and Exchange Commission that would require listed companies to have at least one woman…