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…

The rise of the minority shareholders – The Hindu BusinessLine

Vinit Bolinjkar, Head of Research, Ventura Securities, said it is high time that companies start recognising the rights of minority shareholders. The rights of minority shareholders need to be protected by independent directors but the problem currently is that many of them act on behalf of the promoters. Deepak Sanchety, Ex-Head of Surveillance, SEBI, said…

Reloading Ukraine’s corporate governance reforms – Atlantic Council

Corporate governance reform at Ukrainian state-owned enterprises (SOEs) has reemerged as a national priority since April 2021 following management changes at energy giant Naftogaz. Tellingly, at the July 2021 Ukraine Reform Conference in Vilnius, US Secretary of State Antony Blinken named a new law on SOE corporate governance as one of Ukraine’s top five priorities….

UN steps up corporate human rights expectations – Minerva-Manifest

The names of some banks and investment funds have been included in an internationally recognised document compiled to help clamp down on private-sector human rights abuses.   A just-released third draft of the United Nations (UN) Binding Treaty on Business and Human Rights is being negotiated by the open-ended intergovernmental working group (OEIGWG) under the…

Global Climate and Sustainability Reporting Continues to Grow

The momentum toward universal mandatory reporting and disclosure on climate risk and sustainability has gained additional strength with recent developments at the international, domestic and state levels. These steps follow years of calls from investors for standardized and comparable climate-related disclosures. International. In June, the G7 Finance Ministers and Central Bank Governors issued a statement…

Firms Scrub Dirty Bonds Off Books to Boost ESG Credentials – Bloomberg

A new trend is emerging in the world of ESG as companies turn their attention to cleaning up old debt. They’re either buying back conventional notes, which could finance just about anything, or transforming old securities to green. Italian utility company Enel SpA is leading the charge in buybacks with the largest one to date:…

Australia: CEOs take record hit on bonuses

Bonuses of blue-chip company bosses took the biggest hit on record last year, with nearly a third of ASX 100 CEOs receiving no annual boost to their base salary. Some 31 ASX 100 chiefs received no annual bonus in 2020, double the number from the year before. Among them were those running businesses savaged by…