Research
NBER Study Reviews Corporate Governance Implications of Indexing
As passive fund assets totaled $5.743 trillion in the U.S. in 2021, academic research explores how passive funds employ investment stewardship.
Tag: Proxy
Research
Gender Diversity on Company Boards Improves Due to Pressure from Big Three Asset Managers
An NBER study shows the push by Vanguard, BlackRock and State Street has rippled through corporate America.
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.
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.
Alternatives
Op-Ed: The Climate Investment Dilemma—Divestment or Decarbonization?
FEG’s Tim O’Donnell explores the merits of engagement.
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
CalSTRS Says SEC Proposal Weakens Corporate Accountability
Pension giant scolds regulator for attempt ‘to solve problems that simply do not exist.’
CalPERS Rejects Pay Packages for 43% of US Companies
Plan launches second initiative aimed to increase independent board members at Japanese companies.