Blog : BOARD TALK
|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** ...Read Full Post »
|Posted on January 25, 2016 at 12:30 PM|
|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 recentlyRead Full Post »
|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 theRead Full Post »
|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...Read Full Post »
|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...Read Full Post »
|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...Read Full Post »
|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...Read Full Post »
|Posted on July 26, 2013 at 5:15 AM|
There are multiple reasons why now is a good time to think about a 'good governance index' for the UK's plcs. So it's just as well that moves are afoot to create one.
Read Full Post »
|Posted on April 27, 2013 at 9:30 AM|
The global body of investors behind Principles for Responsible Investment has been busy.
Led by F&C Asset Management and Hermes Equity Ownership Services, PRI collectively manages more than $1.7 trillion in assets. It began engaging with 21 companies across 14 countries in March 2010 to encourage them to demonstrate they had appropriate anti-corruption controls.
Corruption as a...Read Full Post »