A majority (77 per cent) of Tesla Inc. shareholders voted in support of restoring the landmark US$44.9 billion all-stock pay package for chief executive officer Elon Musk, despite public calls against the compensation by a pension fund and a sovereign wealth fund, according to a report by the Associated Press. The shareholder vote, held at […]
Working and retired public sector employees from across Canada are calling on the federal government to remove Miranda Hubbs, director of Imperial Oil Ltd., from the board of the Public Sector Pension Investment Board with cause. In a letter sent to Prime Minister Justin Trudeau and his cabinet today, 39 PSP Investments’ members and retirees […]
In the world of investing that incorporates environmental, social and governance factors, environment and governance have been very prominent parts of the conversation to date. And now, the pandemic is shining a new light on the importance of considering social factors in investment decision-making. At the Canadian Investment Review’s 2020 Global Investment Conference, Catherine Jackson, […]
The Pension Investment Association of Canada took issue with some of the recommendations drafted by Ontario’s capital markets modernization task force, specifically those related to proxy advisory firms. The task force published a series of proposals for consultation earlier this year, inviting feedback from the public. In a recent response letter to Walied Soliman, the […]
It’s been long understood that asset owners are driving changing behaviours in corporate governance, said Donna Anderson, head of corporate governance in the U.S. equity division at T. Rowe Price Group Inc., speaking at the Canadian Investment Review’s Plan Sponsor Exchange conference in February. One example, she noted, is the tremendous influence of Japan’s Government […]
Climate change’s ramifications for real estate, the rise of innovative technologies and the changing nature of stakeholder activism are some of the environmental, social and governance trends to watch as 2020 kicks off, according to an outlook from MSCI. While asset owners have been eyeing the potential effects of severe weather events and natural disasters […]