Corporate governance – Page 38
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News
Ethos supports Credit Suisse measures over Greensill, Archegos
Swiss bank will not award variable pay for 2020 and has withdrawn an AGM proposal to discharge directors from liabilities
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Features
Dual-class share plans fuel concern over stewardship and governance
Introducing dual-class share structures to make London a more competitive financial centre would weaken shareholder rights and make it harder to influence corporate behaviour, institutional investors and trade bodies have warned.
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News
Danica toughens stance on coal, tar sands and bans peat
CEO “convinced the future belongs to companies that can adapt to a green future”
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News
IFRS Foundation urged to address materiality in sustainability reporting
IFRSs focus on financial materiality and treat information as material if leaving out of an entity’s financial statements would influence investors’ decisions
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News
NBIM suggests ‘continuity venues’ for bourses after cyberattacks
Norwegian SWF responds to ESMA’s algorithmic trading consultation
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News
Danish pensions lobby insists competition in sector ‘increasingly fierce’
IPD CEO hopes new report stops politicians taking ‘a booming pension industry’ for granted
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News
Hiidenpalo takes reins at Elo as Huber quits after management failings
Finnish pension insurer understood to need new direction due to culture problems
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News
UK unveils plans to reform audit, corporate governance landscape [updated]
Government proposals include steps to replace the FRC with a new regulator
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News
UK regulator launches code of practice consultation
The implications of the new code will be greater for DB schemes than for DC
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News
AP funds’ single report shows system needs coordination: Langensjö
“The proposal from the inquiry is still relevant,” says former head of Swedish pensions buffer fund inquiry
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News
ABP goes head-to-head with Australian mining firm over demerger
The €493bn Dutch civil service scheme does not support Jupiter’s current proposal as this involves ABP automatically becoming a shareholder in Juno Minerals
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News
Italy roundup: Pension funds seize first Italian green bonds offering
Plus: Pegaso’s active shareholder approach on ESG; Fondoposte, Alifond postpone engagement policy
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News
APG joins biodiversity partnership
APG is the first pension investor to join PBAF, which now counts 21 members with a total of $5.8trn in assets under management
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News
DB schemes race to meet fiduciary management retender deadline
There is now ‘little time’ and ‘fiduciary managers will struggle to respond to all tender requests’ by the June deadline
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News
UK’s ACCESS selects Minerva as ESG adviser
Minerva’s team will establish a baseline on a wide range of ESG and responsible investment issues across the full range of asset classes for the pool
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Opinion Pieces
Guest Viewpoint: Kerrie Waring, International Corporate Governance Network
This year, ICGN’s flagship Global Governance Principles will be revised as part of a three-year review. This year’s revision is set within a world facing systemic challenges: a global pandemic and climate change
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Opinion Pieces
‘Urgency’ necessary for adequate provision
The IORP II Directive seeks to “improve the way occupational pension funds are governed”, to “enhance information transparency” to pension savers and to “clarify the procedures for carrying out cross-border transfers and activities”, according to EIOPA.
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News
NBIM says axed conferences meant fewer company meetings last year
Pandemic may have strengthened companies’ work on sustainability, says Norway’s SWF
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News
NBIM says better company tax reporting standards are needed
Norway’s sovereign wealth fund manager tells ministry that data on tax practices and risks remain big challenge
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News
IASB to seek views on future workplan; FRC sets out budget, priorities
The FRC said its projected spend for the coming year amounts to £52.2m (€60.7m). DB schemes are expected to contribute £1.2m under the pension scheme levy