US - The Board of the US$186bn California Public Employees' Retirement System (CalPERS) has adopted a majority voting plan that will make corporate directors more accountable to shareowners.
The three-pronged plan to advocate majority vote election procedures for corporate directors was approved by the fund’s investment committee yesterday as part of its corporate governance programme. Currently,...
Partner Insight: Russell Investments' David Rae and Paul Wharton discuss how fiduciary management has changed in response to a shifting market context and what we might expect to see going forward
Industry Voice: A fiduciary management approach gives trustees a richness of information you can't get with a standard adviser approach, especially in times of market uncertainty, explain Russell Investments' David Rae and Paul Wharton
Two years have passed since the Law Commission's landmark review that attempted to clear up confusion over trustees' fiduciary duties. Stephanie Baxter finds despite some initial progress there is much more work to be done.
Catherine Howarth has been an appointed as an ambassador for the Transparency Task Force (TTF)
Michael Klimes looks at the latest proposal to bring transparency on asset manager costs.