New UK Rules for Improving shareholder engagement and increasing transparency around stewardship | FCA

The UK’s Financial Conduct Authority has issued new rules for institutional investor fiduciaries that impose new requirements for engagement and disclosure: We have introduced new requirements to improve shareholder engagement and increase transparency around stewardship. The requirements come into effect on 10 June 2019.  Asset managers and life insurers will need to disclose and make…

Bayer shareholders rebuke CEO over Monsanto deal | Financial Times

Bayer’s supervisory board stood behind its chief executive and top management on Friday in spite of losing a shareholder confidence vote in the fallout from the German pharmaceutical group’s $63bn acquisition of Monsanto and the subsequent drop in its share price. About 55 per cent of shareholders voted against ratifying the actions of the management…

Is Huawei’s rise due to its corporate governance style?

Huawei’s unique corporate governance structure includes employee ownership and representation on the board: First, Huawei is a fully employee-owned, private company. All shareholders are employees although not all employees are shareholders. This is a most intriguing aspect. Employees are supposedly hired by the management, and yet they constitute the shareholder body. So there is an…

TriplePundit: ESG Engagement Wins More Boards’ Buy-In, But Lags in U.S.

Boards are facing increasing pressure from stakeholders to engage on ESG (environmental, social and governance) challenges as a matter of long-term viability. But despite all this renewed focus, a new report finds that while 46 percent of boards globally discuss sustainability issues annually, North American boards of directors lag behind their counterparts in Europe and…