New York City officials this week announced plans to divest nearly $4 billion in pension funds from fossil-fuel companies. Mayor Bill de Blasio and Comptroller Scott Stringer said two of the city’s five pension funds — the New York City Employees’ Retirement System and the New York City Teachers’ Retirement System — voted to approve…
Tag: Scott Stringer
JPMorgan Chase removes Climate Change Denier and Former Oil Company CEO from independent director role | Financial Times
JPMorgan Chase has promised to announce a new lead independent director by the end of September, bringing an end to the 19-year tenure of former ExxonMobil chief Lee Raymond and satisfying demands for change led by New York City’s comptroller and climate groups. America’s biggest bank revealed the timetable for appointing Mr Raymond’s successor in documents filed ahead of its May 19…
Scott Stringer Calls for Mandatory Diversity Effort in the Boardroom – The New York Times
New York comptroller Scott Stringer announced a new stage to his office’s Boardroom Accountability project: demanding that companies consider women and ethnic minorities in their searches for C.E.O.s and board members. The comptroller will ask directors of 56 companies to adopt a version of the N.F.L.’s Rooney Rule that requires consideration of diverse candidates for…
NYC comptroller reports 10,000% rise in proxy access since 2014 | Bond Buyer
An extraordinary achievement for Scott Stringer and the NYX pension funds, possibly the most significant shareholder initiative ever. More than 600 firms have adopted proxy access, a program launched under the New York City Comptroller’s Boardroom Accountability Project, a hundredfold increase since the program was launched, Comptroller Scott Stringer and the New York City Retirement…
