ESG Archive

ESG

Fox faces vote on lobbying proposal

Aug 30, 2021
Ben Maiden
Fox faces vote on lobbying proposal
The SEC has given the green light for shareholders in Fox Corporation to vote this fall on a proposal regarding the company’s lobbying activities. The proposal, filed by Kenneth Steiner on behalf of John Chevedden, requests that Fox prepare an annual report disclosing: Company policy and procedures governing direct and indirect lobbying and ‘grassroots lobbying communications’ Payments by Fox used for direct or indirect lobbying or grassr...
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ESG

Nike shareholders to vote on social proposals

Aug 30, 2021
Ben Maiden
Nike shareholders to vote on social proposals
Nike shareholders will vote on a proposal requesting disclosure around the company’s work to promote diversity and inclusion – and proposals on other social-related themes – as such measures have gained momentum this year. The SEC earlier this month denied Nike’s request for no-action relief if it excluded a proposal filed on behalf of As You ...
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ESG

FTSE 100 female directors paid less than male counterparts, finds research

Aug 25, 2021
Maria Ward-Brennan
FTSE 100 female directors paid less than male counterparts, finds research
The pay gap at FTSE 100 companies is in the spotlight in new research from the New Street Consulting Group, which finds that women are paid far less than their male counterparts in both executive and non-executive director roles.  A female board director is paid 73 percent less, on average, than a male director. The average pay – including both executive and non-executive roles – for a female director stands at £237,000 ($325,000) compared with £875,900 for a...
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ESG

The board’s role in ESG oversight, according to Bill McNabb

Aug 19, 2021
Ben Ashwell
The board’s role in ESG oversight, according to Bill McNabb
In recent years, definitions of ESG materiality have evolved very quickly. This rapid evolution asks more of corporate boards in terms of their oversight of ESG risks and opportunities and raises questions about board composition. For directors whose executive careers are long behind them, are they able to have sufficient oversight of ESG – a topic that is continually changing? Do corporate boards need more environmental, human resources or cyber-security speciali...
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ESG

US issuers still split on ESG standard and framework preferences, study finds

Aug 11, 2021
Maria Ward-Brennan
US issuers still split on ESG standard and framework preferences, study finds
Half of US public companies say that third-party ESG standards are difficult understand, address immaterial information and lack transparency, according to a report by the US Chamber of Commerce’s Center for Capital Markets Competitiveness (CCMC). Despite recent and concerted efforts to standardize ESG reporting standards and frameworks, only 9 percent of companies report that standard setters provide consistent, easy-to-understand metrics. A staggering 41 ...
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ESG

UK board directors value diversity of thought above gender, age and ethnicity, study finds

Aug 05, 2021
Maria Ward-Brennan
UK board directors value diversity of thought above gender, age and ethnicity, study finds
Increasing gender diversity has proven to be beneficial for FTSE companies, but when asked about the most important aspect of diversity, FTSE-listed board directors value personality and neurodiversity above all else, according to a new report by the Financial Reporting Council (FRC). When asked to define what board diversity means to them, 86 percent of FTSE 350 directors surveyed say personality and neurodiversity, followed by gender and ethnicity (both mentioned ...
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