| From across the nation and around the world, INSIGHTS-edge brings you news, commentary and research in key areas of interest regarding ESG, Sovereign Wealth Funds and US Public Sector Pension Funds. We watch the watchers...who are watching you. ESG / Sustainability More shareholders vote yes on climate goals –study
(Source: Reuters) BOSTON - Proxy proposals intended to encourage U.S. companies to reduce emissions and better disclose their environmental footprints this year received a higher percentage of shareholder support than ever, according to a report by an activist U.S. investor group. Calvert Investments Drops BP from SAGE Ethical Fund
(Source: Triple Pundit) You can give BP some credit: its investment in rebranding itself as a “green” company over the past decade, at US$125 million annually, managed to not only soften its image to consumers, but find its way into the portfolios of several ethical investment funds. Then April 20 and the Deepwater Horizon fiasco. Did the BP Oil Spill Stoke Interest in CSR?
(Source: Just Means) I often wonder whether acts of corporate irresponsibility like the BP oil spill meaningfully stoke interest in CSR. If pageviews for this blog are any indication, the answer to this question is a definitive yes. To illustrate, in the month of May, my post on an infographic of the BP oil spill generated 365 pageviews and my post on efforts to quantify the effect of the spill generated 239 hits, figures exceeding visits to any individual post on other CSR topics. Clearly, the data shows that people are more interested in current events than in more theoretical discussions about corporate social responsibility. Sovereign Wealth Funds BP CEO Meeting With Abu Dhabi Investors
(Source: The Street) BP(BP) CEO Tony Hayward reportedly has met with representatives of the Abu Dhabi Investment Authority, one of the world's largest sovereign wealth funds. Hayward presented "options" to ADIA in the meeting on Wednesday, a UAE official told Reuters. The official was unable to give further details. China may strip sovereign wealth fund of bank stakes
(Source: AFP) BEIJING — China is considering stripping the country's 300-billion-dollar sovereign wealth fund of banking stakes to help it get around some US investment restrictions, a report said Tuesday. The proposal would mean China Investment Corp would no longer be responsible for holding the state's majority stakes in China's largest banks, the Financial Times reported, citing unnamed sources. Sovereign Wealth Fund Must Have Safeguards
(Source: This Day ) Nigeria risks repeating patterns of weak economic governance and volatile spending, unless its new Sovereign Wealth Fund features certain safeguards to promote sustainable economic development for which the fund is to be created. This was contained in a press release this week by the Revenue Watch Institute, New York, United States of America in partnership with Nigeria-based think tank, the Centre for the Study of Economies of Africa. |
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US Public Sector Pension Funds Local governments cautious over pension borrowing plan
(Source: Star Gazette-NY) ALBANY -- Municipalities are offering mixed reviews to a plan by the state Legislature and Comptroller Thomas DiNapoli to allow the state and local governments to essentially borrow from the state pension fund to lower huge spikes in retirement costs. The measure, which has already passed the state Assembly and awaits a vote in the Senate, would let the state and local governments delay a portion of their pension costs into future years at an annual interest rate of about 5 percent, officials said. US SEC curbs money manager political contributions
(Source: Reuters) Money managers will be restricted from making political contributions in hopes of winning business from pension funds under rules adopted by U.S. securities regulators on Wednesday. The practice, known as "pay-to-play," was the focus of rules approved by all five members of the Securities and Exchange Commission, seeking to curtail how political contributions influence the selection process when picking investment advisers to oversee various U.S. pension plans. Study: Pension Fund Could Go Broke By 2019
(Source: Eyewitness News 3 – CT) HARTFORD, Conn. -- A recent study by Northwestern University says within 10 years, there may be no more money left in Connecticut’s coffers. While lawmakers doubt it will actually happen, they admit there are serious problems and something needs to be done. Watching the Watchers  Proxy Governance, Inc.
Headquarters: Vienna, Virginia
Established: 2004
KEY PARTNERS
Japan Proxy Governance, Manifest Information Services, Class Action Claims Management, Association of British Investors OVERVIEW / MISSION
Proxy Governance describes itself as “an independent proxy advisory and voting firm with a better approach to proxy analysis: providing advice with the goal of truly building long–term shareholder value.” Proxy Governance calls itself “independent and conflict-free.” |
