Starboard Value,which is run by “the most feared man in corporate America”,has built a stake in News Corp and calls for a spin-off of REA Group,its Australian real estate division.
Conscience is trumping returns at Woodside Petroleum as shareholders demand clarity on climate action.
AGL sits in an uncomfortable position where the board,led by Patricia McKenzie,is technically in control but Michael Cannon-Brookes’ Grok appears to be in de facto charge.
Teal independent and MP for North Sydney Kylea Tink says she purchased “small shareholdings” in two fossil fuel companies to understand them better.
AGL says it will conduct a “strategic review” and has announced a “renewal” of its leadership after abandoning a controversial plan to split the company in two.
The chair and CEO of national taxi group A2B quit this week. It follows a revolt by shareholders,who had objected to a land swap deal the company had struck with one of Sydney’s wealthiest families.
Of the three large proxy firms that advise BHP’s shareholders,Glass Lewis is the first to have made a call and it’s a controversial vote against shareholders supporting BHP Climate Transition Action Plan.
Are responsible investment funds outperforming because they look at environmental,social and governance factors before allocating their money,or are there other factors at play?
The success of the activist shareholder assault on the Exxon board could encourage more contests where the lines between social and financial activism are blurred.
There’s increasing scrutiny of companies and fund managers that profess to be socially responsible.
This will be a protest from major shareholders around the world who were livid over the generous parting gift,valued at $48 million,for former chief executive Jean-Sebastian Jacques.