BlackRock’s Vow for Greener Planet to Get First Real-World Test – Bloomberg

Fink, who built the company from a mortgage-bond specialist into the largest asset manager in the world, has a crew of just a few dozen to prod the thousands of companies in BlackRock’s $7 trillion of funds to toe a more environmentally friendly line. With the annual proxy season set to kick off in earnest next month, when shareholders get…

Business Roundtable members face challenge over commitments | Financial Times

Companies including Goldman Sachs and BlackRock will be forced to confront accusations of hypocrisy at their upcoming shareholder meetings from investors challenging commitments made by corporate America to consider the environment and their workers alongside profitability. The companies are among members of the Business Roundtable, one of the largest business lobbying groups in the US, which…

PWC Director Survey 2020

This year’s PWC survey of corporate directors has some striking findings. 49 percent of the directors surveyed believe at least one of their fellow board members should not be serving. More boards are doing self-assessments but many boards are focusing on some of the easier things to change, such as adding more expertise to the…

Apple investor vote sounds ‘warning’ over China app takedowns

An Apple Inc shareholder proposal critical of the company’s app removals in China received a relatively high level of support at the iPhone maker’s annual meeting on Wednesday, enough to push the company to respond, experts said. The proposal, which called for Apple to report whether it has “publicly committed to respect freedom of expression…

The Future Climate Economy Will Be Decentralized: Green Insight – Bloomberg

the energy transition, climate change and social demographic trends are set to create a world where everything is more decentralized. One example of what may be coming is in Japan, which this week announced that it’s planning to revamp its green power law to promote distributed solar power. We’re already getting a major preview of the future…

Sparks Fly in Comments on SEC Proxy Advisor Proposals — Bloomberg

The notice and comment process for SEC rulemaking typically generates turgid prose and repetitive argument. That is definitely not the case with regard to the comments on the SEC’s proxy advisor proposals. Corporate governance expert Nell Minow stated that the rules as proposed would “undermine a crucial element of accountability to shareholders by severely hampering…

SEC’s new proxy adviser regulations will harm real Main Street investors

Lorraine Kelly of ISS makes a strong statement in opposition to the SEC’s proposed restrictions on proxy advisors. To be clear, this proposal is not being driven by institutional investors that hire proxy advisers; our customers are not asking for the government to intervene in the crafting and publication of corporate governance research and recommendations….

Inequality Isn’t Shareholders’ Fault, But They Can Help Fix It – WSJ

Investors who want to do good while still doing well shouldn’t worry too much about high levels of corporate profit. They should worry about exorbitant executive pay. Income inequality remains the elephant in the room for asset managers who factor environmental, social and governance criteria into their investment decisions. It is an important one, though….