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Perspectives on Cyber Risk
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Short- and long-termism
May 22, 2017 4:36 PM |
The UK Investment Association has released new reporting guidance, setting out recommended disclosures on the long term drivers of value creation and productive enterprise. [read more]
May 22, 2017 4:34 PM |
Investors have approved a shareholder proposal calling for improved climate risk reporting at Occidental Petroleum, the first of its kind to pass in the US. [read more]
May 1, 2017 5:15 PM |
EY's latest survey on the use of nonfinancial performance by institutional investors in their decision-making has found that they are using it more often, but are disappointed by the quality of disclosure. [read more]
May 1, 2017 5:09 PM |
A ten-year study in the US has found that four specific behaviours distinguish high-performing CEOs from the rest, but that boards often prioritise other qualities when selecting candidates. [read more]
April 10, 2017 6:24 PM |
The UK Business, Innovation, and Skills parliamentary committee has made wide ranging recommendations to reform corporate governance, including phasing out long-term incentive plans. [read more]
April 10, 2017 6:14 PM |
AMP Capital has predicted that prominent ESG trends in 2017 will include sugar and obesity, climate change, disruption, executive pay and supply chain scrutiny. [read more]
April 10, 2017 6:12 PM |
AMP Capital has argued in favour of non-financial performance measures, but warned that boards need to get better at explaining how they will generate future shareholder value. [read more]
April 10, 2017 6:08 PM |
In its new position paper on CEO pay, Norway's Government Pension Fund Global has called for some 'radical' changes in structure, including the phasing out of long-term incentive plans. [read more]
March 27, 2017 2:00 PM |
Bank of England Governor Mark Carney has tried to dispel some fears concerning the UK's senior managers regime following the bank's own recent experiences. [read more]
March 27, 2017 1:53 PM |
State Street Global Advisors has urged boards to focus on the risks a 'host of environmental and social sustainability issues' pose to long-term viability. [read more]
March 20, 2017 1:51 PM |
BlackRock has released its engagement priorities for 2017-2018, which include board composition, long term strategy, climate risk disclosure and human capital management. [read more]
February 13, 2017 11:47 AM |
The UK FRC’s CEO, Stephen Haddrill, has highlighted the importance of rebuilding public trust in business, calculated risk taking and maintaining a strong corporate culture [read more]
February 13, 2017 11:42 AM |
According to State Street CEO Ronald O’Hanley, ‘addressing ESG issues is a good business practice and must be part of effective board leadership and oversight of long-term strategy’ [read more]
February 13, 2017 11:37 AM |
According to EY, this US proxy season investors will be focused on board composition, environmental and social risks, regulatory uncertainty, executive pay and short-termism [read more]
December 12, 2016 3:21 PM |
The UK Pensions and Lifetime Savings Association has released its AGM season report, arguing that boards and asset managers must do more to address shareholder concerns over CEO pay. [read more]
December 12, 2016 3:17 PM |
Strategy&'s latest CEO succession study has found that the median tenure of ASX 200 CEOs has increased to 5.5 years, suggesting improved succession practices. [read more]
December 5, 2016 2:45 PM |
The UK's Purposeful Company Taskforce has provided a 'provocative challenge' to executive pay, recommending simpler pay structures, fair pay charters and a binding vote regime. [read more]
November 28, 2016 2:27 PM |
In the UK, Hermes has proposed a 'fundamental shift' in the structure of executive pay to address unfairness and the lack of connection with performance (including an overall cap on pay). [read more]
November 14, 2016 1:45 PM |
The results of Activist Insight's latest survey reveal, among other things, that the activist selection process is 'a mixture of careful review and opportunism, not one or the other'. [read more]
October 17, 2016 11:14 AM |
Studies suggest that activism is spreading outside the US, and that Australia is becoming a key target (thanks in part to its corporate governance rules) [read more]
September 26, 2016 5:34 PM |
According to Hermes Investment Management, its latest survey of institutional investors reveals some emerging trends that may worry responsible capitalism advocates. [read more]
September 26, 2016 5:26 PM |
The UK FRC's chairman, Sir Win Bischoff, has argued that corporate culture needs to achieve positive outcomes for all stakeholders and for 'society itself' [read more]
September 26, 2016 5:23 PM |
Bank of England Governor Mark Carney has argued that to ensure a smooth transition to a two degree world, corporate stakeholders need the ‘right information’. [read more]
September 19, 2016 2:56 PM |
The US Business Roundtable has asserted that 'an increase in shareholder access to the boardroom cannot come without a corresponding increase in shareholder responsibility'. [read more]
September 19, 2016 2:53 PM |
In the UK, a parliamentary inquiry has been launched on corporate governance, to consider directors' duties, executive pay and board composition (including employee representation). [read more]
September 12, 2016 10:13 AM |
BlackRock has asserted that all investors should incorporate climate change into their investment processes, and calls for investors and companies to work together to manage the risks . [read more]
September 12, 2016 10:09 AM |
AMP Capital has released its 2016 Mid-year Corporate Governance Report, which sets out its proxy voting highlights and its current engagement themes. [read more]
August 22, 2016 3:43 PM |
The 2016 remuneration of CBA's CEO Ian Narev has attracted some criticism, despite the fact that it is in accordance with the bank's long term reward plan. [read more]
August 15, 2016 1:56 PM |
In its latest enforcement report ASIC has identified its priority areas for the next six months, suggesting gatekeepers should focus on culture, cyber risk and disclosure. [read more]
August 1, 2016 1:04 PM |
In the UK, the spotlight is on corporate governance, especially at private companies, following a parliamentary report into the collapse of BHS. [read more]
August 1, 2016 12:58 PM |
A new report from MSCI has asserted that, according to data from 429 large cap US companies, CEOs are not paid for performance. [read more]
August 1, 2016 12:52 PM |
The UK Investment Association's Working Group on Executive Remuneration has proposed a 'far-reaching plan to simplify pay structures for company bosses'. [read more]
July 25, 2016 3:17 PM |
Some commentators are underwhelmed by the 'Commonsense Principles of Corporate Governance' released in the US by a group of high profile CEOs and heads of asset managers. [read more]
July 25, 2016 3:14 PM |
The UK's Financial Reporting Council has released a new report which highlights the role of the board in evaluating, overseeing and monitoring corporate culture. [read more]
July 11, 2016 1:31 PM |
ACSI's latest findings on the progress in disclosure of sustainability risks among S&P/ASX200 companies are generally positive, but 'there remains much to improve'. [read more]
July 11, 2016 1:28 PM |
Activist Insight Monthly's half year review has asserted that 'activism is here to stay', while activist short sellers have become a 'growing force'. [read more]
July 4, 2016 2:12 PM |
KPMG's 2016 Global CEO Outlook has found that although CEOs are keen to foster innovation, they are concerned they lack the time to do so (particularly in Australia). [read more]
June 27, 2016 4:12 PM |
ASIC chairman Greg Medcraft has discussed the role of directors and executives in supporting a strong culture, asserting that boards need be alert to 'red flags' and have their 'noses in'. [read more]
June 20, 2016 12:57 PM |
MinterEllison's Sarah Barker and Maged Girgis have argued that recent international developments have raised the bar on climate change disclosure and governance. [read more]
June 14, 2016 2:47 PM |
PwC's latest edition of Mine, which reviews trends among the top 40 global mining companies, suggests that miners showed a 'lack of capital discipline in the boom years'. [read more]
June 14, 2016 2:42 PM |
A new KPMG report has found that Australian companies' annual reports have 'cut the clutter' more successfully than their global counterparts, but 'fall down' on other issues. [read more]
June 14, 2016 2:24 PM |
A recent report has found that in the UK many companies are improving the way their nomination committees operate, but that more can be done. [read more]
May 23, 2016 12:48 PM |
A new report has asserted that the 'inexorable rise in intangibles' puts Britain at risk of 'becoming an economic backwater if it does not foster purposeful companies'. [read more]
April 4, 2016 4:01 PM |
Shareholder activists, short-termism and culture (among other things) have been blamed for the recent events at Valeant Pharmaceuticals. [read more]
April 4, 2016 3:50 PM |
The UK's Investment Association has launched a Productivity Action Plan aimed at boosting the British economy by ending short-termism. [read more]
March 16, 2016 1:46 PM |
Participants at a recent UK workshop have agreed that directors need to engage with staff and 'be aware of what the customer is experiencing' to detect early signs of weak culture. [read more]
February 10, 2016 4:47 PM |
Blackrock's Larry Fink has written to over 500 US and European companies urging them to move away from quarterly earnings guidance and instead update progress against long-term plans. [read more]
October 14, 2015 11:47 AM |
According to PwC, the findings of its 2015 annual survey of US public company directors indicate that boards have oriented themselves toward a longer-term governance focus. [read more]
August 26, 2015 3:29 PM |
Harvard Law School's Professor Mark J Roe has argued that investor short-termism is not as pervasive or as damaging to the US economy as some have argued. [read more]
August 26, 2015 3:27 PM |
As the Australian reporting season unfolds, commentators are divided over whether it is investors or boards who are too focused on the short term, and why. [read more]
July 8, 2015 1:48 PM |
A recent study of US companies with time-phased voting (where long-term shareholder receive more votes per share than short-term holders) has found that, overall, they significantly outperformed the market as a whole. [read more]
June 3, 2015 5:24 PM |
Australian, US and UK companies are holding back on capital expenditure, a trend attributed variously to investor pressure, risk management, shareholder activism and pay incentives. [read more]
May 27, 2015 11:52 AM |
US pension funds have adopted divergent views on shareholder activism as they 'grapple with how much risk to take to achieve promised returns'. [read more]
May 13, 2015 3:00 PM |
The European Parliament's Legal Affairs Committee has narrowly voted to include incentives for long-term shareholders in the new Shareholder Rights Directive. [read more]
April 29, 2015 5:01 PM |
European legislation which is supposedly designed to encourage long-term shareholding may be motivated by other reasons, contends The FT. [read more]
April 22, 2015 10:34 AM |
Blackrock's CEO Laurence Fink has urged America's CEOs to focus on long-term growth. [read more]
April 22, 2015 10:33 AM |
French media conglomerate Vivendi has introduced double-voting rights for long-term shareholders, while reaching consensus with US hedge fund P. Schoenfeld Asset Management. [read more]
April 15, 2015 3:05 PM |
Commentators in the US are continuing to debate the effectiveness of activist hedge funds, with critics claiming they have an adverse impact on target companies and their creditors. [read more]
April 15, 2015 2:59 PM |
With the UK's 2015 general election looming, the nation's Labour Party has vowed to improve the long-term focus of Britain's corporate community if it comes to power. [read more]
March 25, 2015 11:59 AM |
General news in shareholder activism. [read more]
March 18, 2015 2:06 PM |
Directors should consider both the long and short-term objectives of the company and shareholders, asserts an article by US lawyers. [read more]
March 11, 2015 2:30 PM |
The final proposal for Japan's Corporate Governance Code has been released. [read more]
March 11, 2015 10:50 AM |
Institute of Directors has published proposals to strengthen corporate governance standards centred around long-termism at board-level. [read more]
February 18, 2015 10:58 AM |
Boards are falling short: McKinsey marks their cards. [read more]
February 18, 2015 8:35 AM |
Harvard professor Guhan Subtamanian publishes his proposal for 'Corporate Governance 2.0', a governance revamp that seeks to resolve many of the issues hindering meaningful dialogue between boards and shareholders. [read more]
February 11, 2015 2:14 PM |
Responsibility of superannuation fund trustees in the face of climate change and corporate governance. [read more]
February 3, 2015 4:55 PM |
An article in the Financial Times has considered whether quarterly reporting contributes to short-termism. [read more]
January 14, 2015 8:38 AM |
US paper finds that a focus on shareholder value maximisation makes little difference to shareholder returns and is detrimental to the broader economy . [read more]
January 14, 2015 8:31 AM |
Home lending practices in Australia to be the target of review and increased oversight by regulators as strong price growth is apparently encouraging the writing of risky loans. [read more]
October 29, 2014 3:27 PM |
The UK's Department of Business, Innovation & Skills (BIS) has released a progress report on the government's implementation of measures proposed by the Kay Review to encourage long-termism. [read more]
October 29, 2014 1:02 PM |
A study by Deutsche Bank reportedly indicates that attitudes towards activist investments have changed substantially. [read more]
October 15, 2014 12:10 PM |
Dividend obsessed Australia is facing a 'growth crisis' due to inadequate investment in long-term growth, reveals a new study. [read more]
September 18, 2014 9:57 AM |
UK academics debate the reasons why companies are distributing their high profits rather reinvesting them. [read more]
May 14, 2014 10:19 AM |
Hedge fund manager argues that 'short termism' has become a blight on the investment climate, and advocates 'proper stewardship of all stakeholders'. [read more]
December 5, 2013 4:43 PM |
The UK Government has responded to the Business, Innovation and Skills Committee's third report on the Kay Review. [read more]
October 9, 2013 11:50 AM |
Researchers worry that executives' investments decisions are coloured by 'managerial myopia'. [read more]