Despite two of America’s largest pension funds, CalPERS and CalSTRS, calling for changes to the board of News Corp at the upcoming annual general meeting on Friday, Rupert Murdoch’s iron grip on the company means their efforts will likely amount to little more than a protest vote.
Responsible investment research has reached a “tipping point” in its development, says the PRI’s director of strategic development, Rob Lake, and it needs to be more closely aligned to the practical needs of front-line investors.
More than 70 investors representing more than $3.1 trillion in pension, endowment and sovereign fund capital will converge on Beijing on Sunday for the first Top1000funds Fiduciary Investors Symposium.
It is a key assumption that financial institutions such as auditing firms and credit ratings agencies will act in an ethical way to protect their reputation because it is, ultimately, the source of their profitability. But groundbreaking work by Harvard University postdoctoral fellow Abigail Brown posits that institutions may actually be incentivised to cyclically “trade
Institutional investors are using just a fraction of the “weapons” they have at their disposal when they engage with companies, and need to use the entire proxy proposal process better, Rob Bauer told attendees at a recent PRI conference.
New York State Comptroller, Thomas DiNapoli, has defended public defined benefit schemes, saying that they are not a drag on state government finances, are sustainable and form a vital part of the US economy.
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