With the implementation of Dodd-Frank act’s provision on executive pay and corporate performance approaching, a majority of companies surveyed by Towers Watson are moderately concerned about having to show the relationship between pay and performance.
A judge in Manhattan District Court has rejected a bid by former Lehman Brothers executives and affiliates to dismiss a case alleging misleading practices, as the lawsuits that investors have filed against financial institutions continue to creep forward.
As banks around the country have faced lawsuits by pension funds, regulators, and other agencies over their mortgage-lending practices during the housing market collapse, Wells Fargo now battles allegations of discriminatory lending.
Just one week after increasing its airport holdings, the Ontario Teachers’ Pension Plan has acquired Impark, the third largest parking service company in North America, in a move indicative of pension funds’ increasing interest in infrastructure.
Mercer has created and appointed a global chief investment officer focused on mainstream assets for its investment management business, signaling that the growing trend toward discretionary consulting is not slowing down.