Regulation
SEC Approves New Rules for Proxy Voting
The new rule requires institutional investment managers to disclose their proxy votes on executive compensation and makes updates to Form NP-X.
Tag: proxy voting
Research
Public Funds Are Among Strongest Backers of ESG Resolutions
State and local pension funds favor environmental, social and governance shareholder resolutions at higher rates than do general shareholders, Morningstar research shows.
Asset Allocation
DeSantis and Allies Bar Florida SBA from ESG Investing
The governor contends that applying climate and racial sensitivity to asset allocation could harm financial performance.
Regulation
SEC Adopts Amendments to Proxy Voting Advice Rules
SEC leaders say the final amendments aim to avoid burdens on proxy voting businesses that may impair the timeliness and independence of their advice.
Alternatives
Op-Ed: The Climate Investment Dilemma—Divestment or Decarbonization?
FEG’s Tim O’Donnell explores the merits of engagement.
Regulation
SEC Wants Funds to Reveal More Proxy Voting Information
The regulator proposes disclosure rule changes regarding ‘say-on-pay’ votes and securities lending.
The Exxon Vote: Pension Supporters Stay Onboard to Advance Change
CalPERS, CalSTRS, and NY Common helped push through outside directors at the oil leviathan, rather than unload its shares.
Regulation
DOL Eases Overly Prescriptive Stance in Final Proxy Voting Rule
It’s unclear how the rule will be interpreted and enforced after the federal administration changes hands, experts say.
Regulation
CalSTRS Says SEC Proposal Weakens Corporate Accountability
Pension giant scolds regulator for attempt ‘to solve problems that simply do not exist.’
Newsmakers
ExxonMobil Dodges Dual-Role Bullet Once Again
New York Common, Church of England funds voice their frustrations with the oil titan in proxy vote.
Newsmakers
CalPERS Puts ‘Laser-Like Focus’ on ESG, Board Diversity, and Executive Pay
Says actions from Climate Action 100+ initiative are starting to bear fruit.
Regulation
New York State Comptroller Calls Out 4 More Companies on Board Diversity
Common Retirement Fund has now filed shareholder demands against 33 businesses.
Newsmakers
Rhode Island Makes a Sustainability Deal with Archer Daniels Midland
Treasurer Magaziner pulls ESG proxy proposal.
CalPERS Rejects Pay Packages for 43% of US Companies
Plan launches second initiative aimed to increase independent board members at Japanese companies.
CalPERS Flexes its Proxy Muscles
$330 billion system boasts about its influence on corporate governance of public companies.