 Your new post is loading...
In 2017, Institutional Shareholder Services (ISS) introduced their secondary quantitative test, the Financial Performance Assessment (FPA).This was in response to criticisms that their primary pay-for-performance (P4P) tests, which measure the alignment of CEO pay and total shareholder return (TSR) relative to an ISS-developed peer group, only focused on TSR as the primary performance metric.
More pressure is on the way for companies over climate risk reporting. The Investment Association (IA), a professional body for for asset managers, has sent a warning that its members want to see companies explain the impact climate change will have on their business models. It is the latest in a string of demands that corporates need to up their game when it comes to disclosing how global warming will impact business operations and their future prospects.
Do institutional investors have the ability to mitigate information asymmetries around complex corporate events? Securities class actions (SCA) are suitable for testing any informational advantage for institutional investors: The number of SCAs brought against U.S. firms has increased markedly in the last two decades, as has their heterogeneity. SCA filings ranged from 83 to 135 per year in the late 1990s. Of these, between 62 percent and 70 percent were settled out of court.
Most digital initiatives sputter before they take full effect. A new survey finds that organizations stand a good chance of recovering lost momentum because slowdowns typically happen for reasons within their control. At organizations pursuing digital transformations, more than seven in ten survey respondents say the progress of these efforts has slowed or stalled at some point.
JPMorgan’s succession plan is getting an unexpected trial run. Chairman and Chief Executive Jamie Dimon is recuperating after emergency heart surgery on Thursday. How well his deputies manage the virus crisis will provide investors with a glimpse into the bank’s future.
The number of smaller firms with no women on the board has dropped sharply since the mandate went into effect
Jobless rate ticks down to 3.5%; impact of coronavirus on economic data has been muted so far
Chinese telecom equipment maker Huawei is confident some European telecoms firms will choose it to provide 5G technology for their core networks, the firm’s chief representative to the EU, Abraham Liu, told Reuters on Friday.
We’re not going to find $4 billion tomorrow morning, and we sure aren’t going to find it in the region,' says Saguenay deputy mayor
This analysis is the second of a two-part report exploring the role and influence of proxy advisors in the investment system, with particular reference to asset managers frequently used by UK- based charity investors. The first part, “Another Link in the Chain: Uncovering the Role of Proxy Advisors” provides an overview of who the major proxy advisors are, and what influence they have on asset managers’ voting decisions.
We are now beginning the second decade of the private equity (PE) bull market in Canada. The surge of PE investment in the last 10 years has shifted the ground of Canadian and global corporate finance.
By focusing on the G, the Governance part of ESG, French asset manager BNP Paribas has issued an index-tracker certificate, which selects companies based on their G-force.
Bill reflects concerns that foreign countries could spy on data flowing through U.S. telecom networks
|
Per the Wall Street Journal (May 17, 2019), when it comes to CEO compensation at big companies, “the best performers got big pay and big raises […], but the laggards didn’t do much worse.” The data underlying the central argument of that article pointed to a year-on-year rise in median compensation for S&P 500 CEOs of 6.6 per cent, taking pay to its highest level since the 2008 recession, in spite of median shareholder return generated by those same companies slumping 5.8 per cent over the same period, the worst such dip since the financial crisis.
Increased concerns regarding the spread of the coronavirus are prompting companies to look at alternatives to their in-person annual meeting of shareholders, including holding the meeting partly or even wholly online with streamed audio and/or video content. This could potentially accelerate a recent trend in Canada towards considering alternatives to the traditional in-person shareholder meeting, including holding “virtual” shareholder meetings where the meeting is held wholly by electronic means or “hybrid” meetings where there is a physical location for the meeting but shareholders and proxyholders have an opportunity to choose whether to participate in person or electronically.
Conflicts among shareholders are pervasive, whether rooted in personal animosity or differences of opinion on business matters. They arise in private and public corporations operating in all sectors of the economy. And in some cases, the conflicts are so large that they lead to significant economic waste with spillover effects on parties other than the shareholders in conflict.
How does, and how should, the law approach problems of shareholder conflict, where conflicts implicate shareholders’ use – or alleged abuse – of their rights and powers? And what does, or might, the law’s response to these problems imply about what shareholders owe one another by virtue of their common shareholding?
Progress on workplace diversity has been slow and patchy. What will it take to really change the game? In this episode of the Inside the Strategy Room podcast, senior partners Celia Huber and Vivian Hunt discuss McKinsey’s latest research on diversity in the workplace. This is an edited transcript. For more conversations on the strategy issues that matter, subscribe to the series on Apple Podcasts or Google Play.
Sonia Syngal, head of Old Navy, to run struggling apparel giant
Fed is ready to ‘act as appropriate’ with monetary policy, Federal Reserve Bank of New York President John Williams says
Coping with the pandemic involves all of government, not just the health system
There was a very large asterisk hanging in the air when the federal government revealed in mid-December that the deficit would be billions higher than expected.
Unemployment rate rises to 5.6 per cent
Board members are well aware that the world around them is changing. The weight of this transformation is felt each time a new enterprise risk is added to their plate. The impact is felt every time a cyberattack threatens valuable customer data.
European Commission president Ursula von der Leyen proposes a “carbon border tax” to “avoid carbon leakage.” Bernie Sanders advocates a “carbon intensity fee” (i.e., a carbon border tax) on imports to make sure that “goods sold into the US are not able to undercut domestic manufacturing.”
Yield on 10-year Treasury note remains below 1%, signaling investors’ concerns about growth
|
