On a day in Britain when it feels very much as if everything is broken, there is an important report out from the UK parliament’s business select committee that points to one step forward on repair: the critical need to join up the dots in the debate around the fundamental role of business in society….
Tag: international corporate governance
‘Nut rage’ fallout: Korean Air chief ousted from board in landmark vote | Reuters
Korean Air Lines Co Ltd shareholders removed chief executive Cho Yang-ho from its board in a landmark vote on Wednesday, making him the first founding family member of any South Korean corporate giant to be forced off a board.The vote, which ended his 27-year tenure on the board of the country’s biggest carrier, adds fresh…
DWP welcomes CMA findings; legislation expected in 2020 – Pensions Age Magazine
UK’s Pension Fund Institute reports on proposed reforms for selecting and evaluating fund managers: The proposed remedies, first published in December, will require pension schemes to run a competitive tender before choosing a fiduciary manager for more than 20 per cent of its assets, in order to drive up standards and decrease costs across the…
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…
Aussie Coal Mine Court Ruling Illuminates Reg. Risk in ESG Investing – Institutional Allocator
The decision by an Australian court earlier this month to prohibit the opening of a coal mine because the mine would contribute to greenhouse gas (GHG) emissions and set back the fight against climate change is being characterized by some socially responsible investing specialists as a judicial first in the environmental, social and governance (ESG)…
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…
Investors to target pension perks and poor diversity in 2019 AGM season | Investment Association
Ahead of the starting gun being fired on the 2019 AGM season, the Investment Association (IA) [The trade body that represents UK investment managers] has announced it will highlight companies who are lagging behind on diversity, or pay pension contributions to executive directors at rates above the majority of the workforce. The IA’s Institutional Voting…
New Zealand Prime Minister on ESG
New Zealand Prime Minister Jacinda Ardern wants the country’s financials to reflect a more holistic look at value and values: “Our vision is focused on higher living standards for New Zealanders. Achieving this requires growing the country’s human, social, natural, and financial/physical capitals which together represent New Zealand’s economic capital. Our vision is to be…
Almost 40 per cent of UK chairmen face pressure to unseat them | Financial Times
Four in 10 of the UK’s largest listed companies will be subjected to growing pressure to replace their chairman, with new rules on director independence sweeping out some of Britain’s longest-serving board members.The corporate governance code, which UK public companies must follow or explain why they do not, was revamped at the start of the…
Investing in the Environment
The direction of this year’s Davos talks point to a subtle yet material shift of responsibility for the environment from public to corporate spheres. The WEF has gone so far as to issue a manual on Climate Governance for Corporate Boards, suggesting that it is for boards to monitor and mitigate related risks. While the…
