US - The Change to Win (CtW) coalition has failed in its bid to block the reappointment of Morgan Stanley directors at the company's AGM.
John J. Mack, chairman and CEO, Morgan Stanley, said: "We appreciate the strong support that shareholders have shown for the board today through the re-election of our directors by substantial margins.
"Our entire board is deeply engaged and intensely focused on building value for our shareholders through this unprecedented market environment."
The CtW campaign was boosted by the support of the $165bn California State Teachers Retirement System (CalSTRS), but failed to prevent the re-election by considerable margins of the entire board of Morgan Stanley.
The motion to reappoint Mack as chairman and CEO received approximately 94.5% of the vote.
CtW could not be contacted for comment.
The Cost Transparency Initiative (CTI) has launched a number of templates and guidance to help pension schemes deliver greater value for savers with enhanced disclosure of transaction cost information.
Kim Kaveh asks if trustees should be subject to maximum term limits for a particular scheme, after a PP poll showed mixed views on the matter.
In this week's Pensions Buzz we would like to know if you welcome the gentle hand of advanced supervision by The Pensions Regulator (TPR), after Charles Counsell said there will be new regulatory initiatives for 1,000 schemes.
Here they are - the finalists for the Women in Pensions Awards 2019...