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Tag: PROXY

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SEC’s Closed Climate Probe Has Lessons for Asset Managers

murmuring of starlings

Impact investment fund Engine No. 1 owned just a tiny slice of ExxonMobil in 2021 but still won three seats on Exxon’s board by arguing it needed a credible plan for the energy transition. BlackRock, Vanguard, and State Street backed some o...

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Three Not-So-Obvious Impacts of the Iran War

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Corporate leaders may recall a time before Russia’s attack on Ukraine, when they didn’t have to worry so much about news from overseas––a time when global political and economic instability did not so persistently affect their businesses. B...

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Regulators and Companies Lining Up Against DEI, ESG Programs

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It wasn’t long ago that “DEI” and “ESG” were standard acronyms in the corporate lexicon. Major institutional investors prodded companies to commit to sustainability initiatives. Brand names amplified messages to the public about their dedic...

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SEC’s Stance on Shareholder Proposals Drawing Mixed Reviews

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Last November, the Securities and Exchange Commission essentially told companies they would be on their own when it comes to decisions about excluding shareholder proposals from their proxy statements. The new approach is receiving a mixed...

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AI Takes on Proxy Advisors

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It looks like proxy advisors may be able to join the growing number of white-collar workers fretting over potential obsolescence thanks to artificial intelligence. That may sound like an overreaction to the news that one financial services...

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