UK - Investor lobby group Pensions Investment Research Consultants has vowed to monitor corporate governance changes at oil giant Shell.
Following the retirement of group managing director Philip Watts – criticised by investors for the reclassification of a fifth of Shell’s “proven” oil and gas reserves as “probable” in January – the company is planning an overhaul of corporate government arrangements.
In a bid to bolster shareholder support, Shell is considering withholding an £8m pension and more than three million share options from Watts and looking to improve its management structure.
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.
Some 56% of defined contribution (DC) asset managers do not believe they will have transaction cost information in time for pension funds' March year-end statements, according to Lane Clark & Peacock (LCP) research.
NEST has appointed Clive Elphick, Martin Turner, Mutaz Qubbaj and Chris Hitchen as trustee members of its reshaped board.
Most people want to avoid investing in projects that contribute to climate change, and would consider moving to another less-exposed provider, according to a survey commissioned by ClientEarth.