Governance

The Local Authority Pension Fund Forum (LAPFF) has advised its members to vote against the remuneration report at AstraZeneca's upcoming annual general meeting (AGM).

An investor group campaign, led by Hermes Equity Ownership Services (EOS), Aberdeen Asset Management and F&C, has secured disclosure of minority shareholders representatives on the Petrobras board.

The recent publication of the General Anti Abuse Rule has bolstered measures to limit "extreme" tax avoidance and will focus governance on tax, experts say.

The Local Authority Pension Fund Forum has called for a wholesale overhaul of "broken" executive pay practices.

The Trades Union Congress, Unite and Unison have teamed up with PIRC to launch the Trade Union Share Owners group, which aims to "put union values at the heart of corporate governance".

Concerns about excessive executive pay could crowd out other important governance issues, ShareAction chief executive Catherine Howarth has said.

Three pension funds have teamed up to launch a project to measure the relationship between governance structures of UK schemes and the costs of maintaining them.

A majority in the industry do not believe all trust-based schemes should have an independent trustee.

European schemes expect governance demands to escalate and investment decisions to become increasingly complex over the next five years, according to research from State Street Global Services.

Legal and General Investment Management has teamed up with PensionsFirst to develop an online monitoring and analytics platform for smaller schemes.