Corporate Governance and Stewardship
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Could there be a good faith argument for fiduciaries to allocate a portion of their portfolio to climate impact investments? I argue that there could.
By aiming for less asset owners can achieve more as universal owners.
Investors need to be clear why and how they are prioritising stakeholder issues and link this to client mandates and fiduciary duty
A recent paper reported as showing a causal link between divestment and carbon emissions proves nothing of the kind. It’s a case study on why to be sceptical of headlines describing complex research.
Good corporate governance matters. But it’s not going to solve the world’s problems. The idea that it will risks taking us in the wrong direction and could make matters worse.
ISS voting recommendations are influential. Academic evidence suggests that’s probably not a good thing. Investors should revisit how they use them.
ISS voting recommendations are influential. Academic evidence suggests that’s probably not a good thing. Investors should revisit how they use them.
Index funds object to the term 'passive’, claiming their long-term holdings make them active stewards of listed firms. But a new paper from an academic heavyweight disputes this.
A new analysis suggests that fears about the competition effects of common ownership are overblown.
Putting workers on UK boards wouldn’t be as bad as its critics fear, or as good as its advocates hope. But on balance the evidence doesn’t support compulsion.
The influence of ISS on voting outcomes in the UK is overstated, but still material
A recent paper from the Net Zero Lawyers Alliance does little to resolve the underlying dilemmas facing fiduciaries concerned about climate change