Words .....that work

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Blog : BOARD TALK

Hot Air, Corporate Governance And Real Change

Posted on August 29, 2017 at 12:30 PM

There's an awful lot of rhetoric in the air when it comes to corporate governance in the UK. Pity the businesses trying to find the time to make sense of Brexit uncertainty while looking to best practice and the regulators looking to ensure the continuation of an environment to which investors will flock.....in their droves.

I have stepped down as a Forbes contributor at the end of this month, so this will be

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Get Ready For The Vollkswagen AGM And The Investors

Posted on May 10, 2017 at 1:00 PM

Ah, the theatre of corporate governance: it's the Volkswagen AGM tomorrow.


Hermes EOS, the stewardship and engagement team of Hermes Investment Management, recommends voting against the discharge of the management and supervisory boards of Volkswagen, as well as its revised remuneration policy.


"Our recommendation to vote against the discharge of th...

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Japan's PFA Embraces Stewardship And HermesEOS Gets Ist Client In Japan

Posted on March 15, 2016 at 12:00 PM

A (good) sign of the times? Stewardship is catching on with global investors, and one of the largest pension funds in Japan has just set an example for its peers.


Japan's Pension Fund Association (PFA)  has just appointed Hermes EOS, the stewardship division of Hermes Investment Management, to develop and implement its stewardship activities. With ¥12.7 trillion** ...

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Engagement, Stewardship, Succession PLanning: Hermes EOS Demonstrates

Posted on January 25, 2016 at 12:30 PM

In case anyone does not understand what the fuss is all about on stewardship (see recent Forbes post), or needs help in how to go about it.....

I am shamelessly cutting and pasting from an engagement note from Hermes EOS - read on....(the emphasis in bold is mine).


HERMES EOS:

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FRC Cracks Down On Signatories To Stewardship Code

Posted on December 14, 2015 at 12:00 AM

When the UK's corporate governance watchdog, the Financial Reporting Council (FRC) introduced The Stewardship Code five years ago in 2010, it was clearly relying on 'gentlemen being gentlemen.' (And no, there is no room here and no need for me to go off at a tangent around gender).


The Code has many converts  - and I covered Stewardship and investors recently

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Removing Barriers For Climate-Friendly Investment

Posted on May 6, 2015 at 12:25 AM

Policy actions in the financial sector can significantly contribute to shifting private capital towards climate-friendly investments, says a report recently published by the European Commission.


Shifting Private Finance Towards Climate Friendly Investments - with policy options for mobilising institutional investors has multiple authors including the

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Further Scrutiny: The Exact Impact Of The Stewardship Code

Posted on February 27, 2015 at 12:05 AM

In another indication of the difficulties in effectively implementing corporate governance codes based on 'principles' rather than 'rules', the UK Stewardship Code is  about to undergo  further scrutiny.


A steering group has been put together to undertake a survey to find out to what extent the Stewardship Code has begun to have an impact on company and investor engagement.


It is working with the 2020 Stewardship Working Party - made up of five i...

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CFOs Urged To Take 'A Holistic Approach'

Posted on October 27, 2014 at 9:30 AM

It was just over a year ago when Douglas Flint, Group Chairman of HSBC Holdings, spelt it out. “Management accounting" he said, "is a critical aspect of the finance function because it informs the board, investors and management why the numbers are what they are, not just what the numbers are.” 


I covered it at the time at Forbes Europe


Last week new global management acco...

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How To Gain Almost No Points For Responsible Investment

Posted on January 26, 2014 at 5:30 PM

A staggering £3trillion is held in UK pension schemes. The assets under management at the Top10 of the largest UK occupational schemes exceeds £203 billion. That's a lot of money, and as we know well money can talk. But does it take the opportunity to do so if it thinks no-one is watching?


The charity ShareAction has evaluated pension schemes based on the action they take to address members' concerns about the be...

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Time To Raise The Bar In UK #CorpGov ?

Posted on August 25, 2013 at 10:05 AM

I find that a great deal of what is written and discussed in the name of Corporate Governance is crashingly boring and/or archaic in tone.


So it was good to come upon an exciting paper by Andreas D Grimminger and Pasquale di Benedetta for the World Bank/International Finance Corporation (beautifully) written in June 2013: Raising the bar on C...

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