21 06, 2019

BlackRock adopts building trade group’s responsible contractor policy

2019-06-21T15:40:22-08:00June 21st, 2019|Categories: Corporate Governance|Tags: , |

Efforts to connect building trades pension fund assets and union jobs got a major boost with BlackRock's adoption of the responsible contractor policy promoted by North America's Building Trades Unions. The action announced Thursday is significant not only because of BlackRock's size, with $6.5 trillion in assets under management, but also because it is being applied to all assets and companies managed by the BlackRock Real Assets U.S. platform, with $17 billion managed in U.S. real estate and infrastructure [...]

30 04, 2019

CII urges SEC to require clear disclosure on CEO pay

2019-04-30T08:23:36-08:00April 30th, 2019|Categories: Corporate Governance|Tags: , , |

The Council of Institutional Investors filed a petition Monday with the Securities and Exchange Commission urging the agency to require public companies to explain in their proxy statements why and how non-standard metrics are used to determine CEO pay. CII has heard complaints from asset owners and managers about the complexity in executive pay, Executive Director Ken Bertsch said in a call with reporters Monday. Robert Pozen, senior lecturer at the MIT Sloan School of Management and a senior [...]

8 10, 2018

Laid-Off Toys ‘R’ Us Workers Find Powerful Ally in Public Pensions

2018-10-08T10:01:35-08:00October 8th, 2018|Categories: Corporate Governance|Tags: |

Michelle Perez, a former Toys “R” Us worker and single mother, used to have only a basic understanding of Wall Street. But she recently helped bring one of the world’s most powerful investment firms to heel. Ms. Perez, 28, from Vancouver, Wash., has been traveling the country, putting pressure on the private equity firm Kohlberg Kravis Roberts and the other former owners of the failed retailer to help the 30,000 workers who were laid off this summer with no [...]

16 02, 2016

Global pension funds prioritizing governance, risk management

2016-02-16T22:32:25-08:00February 16th, 2016|Categories: Corporate Governance|Tags: |

Global pension fund executives over the next three years will be upgrading their governance structures and board education, increasing internal staff overseeing risk and investments, and adding to investments in ESG, hedge funds of funds and real estate, said a State Street Corp. (STT) survey. A report on the survey, “Pensions with Purpose: Meeting the Retirement Challenge,” said 92% of defined benefit and defined contribution plans, both corporate and public, expect to upgrade their governance models, and 45% will increase training [...]

8 01, 2016

General Motors Shifts the Automaker’s Corporate Governance Into Reverse

2016-01-08T22:10:58-08:00January 8th, 2016|Categories: Corporate Governance|Tags: |

The S&P 500 and the Nasdaq Composite Index recorded their worst start to the year since 2001 on Monday, while the Dow Jones Industrial Average need only hark back to 2008. U.S. stocks are slightly lower today, with the Dow and the S&P 500 down 0.51% and 0.30%, respectively, at 12:30 p.m. EST. Shares of General Motors Company are underperforming, down 2.92%. General Motors announced yesterday that it had named chief executive officer Mary Barra chairman of GM’s board. Perhaps it was timed to coincide with the announcement of the automaker’s $500 million [...]

22 10, 2015

Department of Labor Allows Pension Funds to Factor Human Rights, Governance and Environmental Protection into Investment Decisions

2015-10-22T20:33:53-08:00October 22nd, 2015|Categories: Corporate Governance|Tags: |

Calling it “a move that will ignite billions in smarter long term investing,” Robert F. Kennedy Human Rights praised the Department of Labor for eliminating certain restrictions on ERISA fiduciaries that kept pension funds from factoring human rights as well as environmental sustainability and good governance into their investment decisions. […]

9 07, 2015

CalPERS joins Dutch corporate governance platform Eumedion

2015-07-09T21:36:10-08:00July 9th, 2015|Categories: Corporate Governance|Tags: , |

Eumedion, the Dutch corporate governance and sustainability platform for institutional investors, has welcomed the California Public Employees Retirement System (CalPERS) as its newest member. Rients Abma, Eumedion’s director, said: “As a reputable player, CalPERS will add weight to our efforts to improve corporate governance and sustainability at Dutch listed companies, as well to our influence on policymakers in both the Netherlands and Brussels.” […]

18 05, 2015

Unions crititical to good corporate governance

2015-05-18T20:37:54-08:00May 18th, 2015|Categories: Corporate Governance|Tags: , |

Zambia Railways Limited chief executive officer Muyenga Atanga says well organised, informed and strong union leadership is critical for the maintenance of good corporate governance in the nation. Speaking during the management and union interaction at the elective 7th quadrennial congress at Ibis Gardens on Friday, Atanga, in a speech read for him by director freight services Godfrey Chibunde, said unionism was good for checks and balances in all sectors of the economy. […]

10 02, 2015

Corporate Governance Is The Very Essence Of A Business

2015-02-10T23:01:49-08:00February 10th, 2015|Categories: Corporate Governance|Tags: |

It can take at least 24 hours for the enormity of a corporate governance scandal to be fully comprehended. But it should never take eight to ten years for it to be revealed. The UK’s corporate governance code balances on the workability of ‘comply or explain.’ It sets standards for corporate behaviour, and seeks to encourage best practice, exhorting business to ‘tone from the top’, via its boardrooms. But what happens when boardrooms shroud themselves in complexity and when it comes to the [...]

27 01, 2015

5 Corporate Governance Tips to Reduce Risk in the M&A Process

2015-01-27T22:22:35-08:00January 27th, 2015|Categories: Corporate Governance|Tags: , |

Because of the growing risk of litigation by unhappy (or simply opportunistic) shareholders following the sale or acquisition of a company, corporate governance practices during the M&A process face increasing scrutiny. In a recent article titled “Documenting the Deal: How Quality Control and Candor Can Improve Boardroom Decision-making And Reduce The Litigation Target Zone”, forthcoming in The Business Lawyer, Leo Strine, Chief Justice of the Delaware Supreme Court, sets forth some best practices for directors and legal and financial advisors “to [...]

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