Embracing Diversity

Taken from Activist Insight Online's half-year review 2021. With global warming blamed for floods in Europe and heatwaves in America, shareholder support for environmental proposals at annual meetings is soaring. As seen with Engine No. 1’s recent win at Exxon Mobil, investor engagements with oil and gas companies this year have been especially successful. Average… Continue reading Embracing Diversity

Nature 100+ initiative aims to mitigate biodiversity loss

Every week one of Rebecca’s stories from the Proxy Insight Online newswire is made available to non subscribers. A group of investors and organizations, coordinated by World Bank, announced on Wednesday their intention to establish the Nature 100+ initiative, serving as the biodiversity equivalent of the Climate Action 100+ investor initiative. Eleven researchers at Colombia University’s School of International… Continue reading Nature 100+ initiative aims to mitigate biodiversity loss

Voting this Week – June 18, ’21

Taken from Insightia’s ‘Activism and Voting this Week’ newsletter. Beneficiaries of the pandemic have experienced a tough ride when attempting to turn increased profits into bumper executive compensation. Take the video game and multimedia industries, for example. Investor support for remuneration proposals at electronic gaming and multimedia companies has been decreasing year-on-year since 2018, but… Continue reading Voting this Week – June 18, ’21

AGM season déjà vu as director’s remuneration fails to check out

As featured on LexisNexis' Corporate Law blog. The annual general meeting (AGM) of Britain's fourth-biggest supermarket, WM Morrison Supermarkets plc, was the backdrop for the largest investor shareholder revolt so far this year and the second biggest on an executive pay issue since the Investment Association started tracking votes in 2017. Following advice from shareholder advisory group,… Continue reading AGM season déjà vu as director’s remuneration fails to check out

The ICI pushes for mandatory EE0-1 disclosure

Every week one of Rebecca’s stories from the Proxy Insight Online newswire is made available to non subscribers. The Investment Company Institute (ICI) has published a response to the Securities and Exchange Commission’s (SEC) request for public comment concerning ESG-related disclosure, recommending mandatory corporate disclosure of workforce and Scope 1 and 2 greenhouse gas emissions data. In the letter,… Continue reading The ICI pushes for mandatory EE0-1 disclosure

Voting this Week – June 11, ’21

Taken from Insightia’s ‘Activism and Voting this Week’ newsletter. Shareholder proposals combining requests for lobbying transparency with climate change were an innovation in the 2020 proxy season but have proved an even bigger hit this year. Support for such proposals has skyrocketed from an average of 44% in 2020 to 67.5% so far this year,… Continue reading Voting this Week – June 11, ’21

ASX 200 companies commit to leadership diversity targets

Every week one of Rebecca’s stories from the Proxy Insight Online newswire is made available to non subscribers. Ten ASX-listed companies have signed up to the investor-led 40:40 Vision initiative, committed to improving gender diversity among Australia’s corporate leadership. 40:40 Vision, an initiative led by HESTA and supported by 22 industry partners including BlackRock, Schroders, and Fidelity Investments, calls… Continue reading ASX 200 companies commit to leadership diversity targets

Voting this Week – June 4, ’21

Taken from Insightia’s ‘Activism and Voting this Week’ newsletter. Insufficient progress on board diversity is being regularly cited as a reason for investor opposition towards director elections. Companies in countries which have yet to establish stringent board diversity regulations, such as the U.S., may find themselves subject to pressure to meet the diversity thresholds expected… Continue reading Voting this Week – June 4, ’21

Voting this Week – May 28, ’21

Taken from Insightia’s ‘Activism and Voting this Week’ newsletter. The Securities and Exchange Commission (SEC) has adopted a variety of changes under its new leadership this year, but one of the most noteworthy changes is the U.S. regulator’s understanding of which issues are considered material to investors.   An increasing number of shareholder proposals, especially environmental… Continue reading Voting this Week – May 28, ’21

Connect the Dots

Taken from Proxy Monthly's May 2021 edition. Could you provide a brief overview of how Putnam Investments approaches its proxy voting responsibilities? Nancy: We have a unique set of circumstances at Putnam where our board of trustees actively oversees the policies and all aspects of the voting programs for our mutual funds. In tandem, our… Continue reading Connect the Dots

Voting this Week – May 21, ’21

Taken from Insightia’s ‘Activism and Voting this Week’ newsletter. The past fortnight has seen a flood of votes on shareholder proposals seeking emissions reduction targets at oil and gas companies, and patience toward issuers that refuse to engage with climate concerns is clearly running thin among investors. Average support for environmental proposals at oil and gas companies has also more than doubled from… Continue reading Voting this Week – May 21, ’21

The Activist Insight Podcast – Episode 62

In episode 62 of The Activist Insight Podcast, I join podcast host Kieran Poole to discuss the upcoming May edition of Proxy Monthly magazine, the Children's Investment Fund's (TCI) "say on climate" campaign, and the growing need for issuers to implement ESG metrics into compensation plans. Listen below: https://open.spotify.com/episode/2qieT8jIYdmNgdpJIRuebH?si=3i7C04hcQRCz6jc8r64NDw

Voting this Week – May 14, ’21

Taken from Insightia’s ‘Activism and Voting this Week’ newsletter. An unprecedented number of remuneration reports have failed to gain majority support at U.S.-listed companies in recent weeks, with investors expressing their discontent toward excessive packages that pay little heed to performance during the COVID-19 pandemic. In the first quarter of 2021, 18 “say on pay”… Continue reading Voting this Week – May 14, ’21

BlackRock support for E&S proposals skyrockets

Every week one of Rebecca’s stories from the Proxy Insight Online newswire is made available to non subscribers. BlackRock published its global Q1 2021 report on Wednesday, highlighting a dramatic increase in support for environmental and social shareholder proposals, as well as the fund manager’s primary reasons for opposing director elections so far this year. The world’s largest fund… Continue reading BlackRock support for E&S proposals skyrockets

Voting this Week – May 7, ’21

Taken from Insightia’s ‘Activism and Voting this Week’ newsletter. Recent weeks have seen an influx of votes on shareholder proposals calling on U.S. banks to conduct racial equity audits. These relatively new proposals, primarily filed by Change to Win Investment Group (CtW) and the Service Employees International Union (SEIU), have criticized banks for their failure to address racial inequality through a… Continue reading Voting this Week – May 7, ’21

Targets for transition

Taken from Proxy Monthly's April 2021 edition. How does Caisse de dépôt et placement du Québec (CDPQ) promote good corporate governance through its proxy voting responsibilities? At CDPQ, proxy voting is an essential part of our stewardship responsibilities and serves as a great opportunity to engage with companies on ESG issues. During our conversations with… Continue reading Targets for transition

The Activist Insight Podcast- Episode 61

Starting this month, I will be joining Insightia podcast host Kieran Poole on the Activist Insight Podcast, exploring the latest in shareholder voting trends and corporate governance. In this introductory episode, Kieran and I discuss my role in the Insightia team, how I have developed Proxy Insight Online's offerings in the past few months, as… Continue reading The Activist Insight Podcast- Episode 61

NCR’s ‘say on pay’ proposal receives almost unanimous opposition

Every week one of Rebecca’s stories from the Proxy Insight Online newswire is made available to non subscribers. NCR Corp. faced significant shareholder dissent at its April 20 annual meeting, investors criticizing its “say on pay” proposal’s excessive severance payouts and failure to align pay with performance. The U.S. technology services provider’s remuneration report received 84.2% opposition, the highest… Continue reading NCR’s ‘say on pay’ proposal receives almost unanimous opposition

Voting this Week – April 30, ’21

Taken from Insightia’s ‘Activism and Voting this Week’ newsletter. Independent boards serve as a beacon of good corporate governance, but shareholder pressure for independent board chairs is putting companies in a tight spot. So far this year, eight shareholder proposals asking companies to adopt policies to require independent board chairs have been subject to a vote… Continue reading Voting this Week – April 30, ’21

Earning through ESG

Taken from Proxy Monthly's April 2021 issue. A combination of both the pandemic and an increased investor focus on ESG issues means shareholders are less forgiving of remuneration schemes this proxy season, with an increasing number of companies in the U.S. and Europe coming under fire for deficient compensation structures. U.S.-listed companies have been subject… Continue reading Earning through ESG

Proxy Monthly, April 2021

Proxy Monthly's April edition analyzes increased investor dissent towards remuneration structures and the growing expectation for companies to adopt ESG metrics when calculating executive pay, potential revisions to help improve disclosure relating to Securities and Exchange Commission's (SEC) no-action letters, as well as the latest news in shareholder voting and ESG. Read the full issue… Continue reading Proxy Monthly, April 2021

The Thriving ESG Landscape

Taken from Insightia's 2021 Shareholder Activism in Europe special report. The number of environmental shareholder proposals subject to a vote in Europe increased by two-thirds in 2020, as investors established higher expectations of companies. Proposals calling for the adoption of environmental policies, relating to corporate impacts on local surroundings through the production of pollution and… Continue reading The Thriving ESG Landscape

Voting this Week – April 23, ’21

Taken from Insightia’s ‘Activism and Voting this Week’ newsletter. As the first “say on climate” proposals are subjected to shareholder votes, it is clear that investors are less united over their voting strategies than the lightning quick rollout of the initiative suggested. While some early adopters of the annual resolutions, such as Canadian Pacific Railway… Continue reading Voting this Week – April 23, ’21

Nova Scotia criticized for excessive CEO compensation

Every week one of Rebecca’s stories from the Proxy Insight Online newswire is made available to non subscribers. The Bank of Nova Scotia faced significant shareholder dissent toward its remuneration report, shareholders criticizing a failure to align CEO compensation with company and share performance at the Canadian bank’s April 13 annual meeting. Nova Scotia’s “say on pay” proposal received… Continue reading Nova Scotia criticized for excessive CEO compensation

Voting this Week- April 16, ’21

Taken from Insightia’s ‘Activism and Voting this Week’ newsletter. Demands from investors for standardized climate-related disclosure frameworks are being answered in quick succession, as the U.S., U.K., and Japan have announced potential revisions to their corporate environmental disclosure policies.   U.S. President Joe Biden will reportedly issue an executive order requiring climate-related disclosure from U.S. issuers at the upcoming Leaders Summit on Climate, according to… Continue reading Voting this Week- April 16, ’21

Cigna shareholders seek gender pay gap disclosure

Every week one of Rebecca’s stories from the Proxy Insight Online newswire is made available to non subscribers. A shareholder proposal at Cigna has called on the company to apply its laudable gender pay gaps disclosures for its U.K. business to its U.S. arm. The proposal asks Cigna to publish annual, quantitative data assessing its gender pay gap, to… Continue reading Cigna shareholders seek gender pay gap disclosure

Voting this Week- April 9, ’21

Taken from Insightia’s ‘Activism and Voting this Week’ newsletter. Board diversity concerns are gaining traction in Japan, where diversity laggards are being subject to high levels of opposition in director elections. Trend Micro faced significant shareholder dissent toward its auditor election proposals at the Nikkei 225 software company’s March 25 annual meeting, following concerns over… Continue reading Voting this Week- April 9, ’21

Majority Action hopes to unseat climate laggard directors

Shareholder advocacy organization Majority Action launched Proxy Voting for the 1.5°C World on Tuesday, an initiative targeting companies in carbon-intensive industries that have not set emissions targets aligned to limiting global warming to 1.5°C. Majority Action recommends shareholders vote against the board chair and/or lead independent director at Duke Energy, Southern Company, FirstEnergy, Berkshire Hathaway,… Continue reading Majority Action hopes to unseat climate laggard directors

Voting this Week – 1 April, ’21

Taken from Insightia’s ‘Activism and Voting this Week’ newsletter. If the first quarter of 2021 is any guide, this proxy season will see companies vulnerable to new social concerns and a backlash against remuneration as companies recover from the impacts of COVID-19. One of the issues we’ve seen gaining fresh traction is political transparency. Of… Continue reading Voting this Week – 1 April, ’21

Transdigm’s ‘say on pay’ proposal faces shareholder dissent

Every week one of Rebecca’s stories from the Proxy Insight Online newswire is made available to non subscribers. Transdigm Group faced significant shareholder dissent at its March 18 annual meeting, shareholders expressing concern regarding the company’s failure to align pay with performance, as well as excessive pay rises for the chairman and executives. The technology manufacturer’s advisory “say on… Continue reading Transdigm’s ‘say on pay’ proposal faces shareholder dissent