Managers of the Church of England’s £8.3bn investment portfolio have criticised US regulators for planning to deny smaller shareholders, such as the church, the right to challenge US companies over excessive executive pay and the climate crisis. A group of 70 church investors, including the C of E, have written to the US Securities and Exchange Commission (SEC) opposing its plans to “modernise” shareholder rules by adding stricter criteria for filing resolutions voted on at a company’s annual meeting. The Church Investors Group (CIG), which manages a combined £21bn in assets, said the changes would make it harder for independent shareholders to push for better governance. Edward Mason, the head of responsible investment for the Church Commissioners, which is the C of E’s financial arm, told the Guardian: “We’re very concerned about the direction of regulation in the US that is restricting shareholders’ ability to hold companies to account. The mission of the SEC is to protect investors but these changes seem intended to protect companies from accountability to their investors.” The C of E said if the rules were changed it would be harder to challenge US companies on issues such as high executive pay, climate change and diversity…. Read full this story
- Employer Group Health Plans - What Types Are There?
- Small Business Group Health Insurance Plans
- IRA Plans - Find What's Best For You
- Shed Designs - Can Some Plans Be Modified and Utilized As Living Spaces?
- Planning a Large Group Picnic
- Retirement Income Planning - Why You Should Consider It
- Small Group - Choosing Songs For Small Group Worship
- Your Exit Plan - Timing is Everything - How You Can Profit Even in Today's Economic Downturn
- Church Stewardship - The Silver Lining in the Current Bad Economy
- Married Woman in Love With Another Woman and They Both Have Leadership Roles in the Church
Church group criticises US plan to rein in smaller shareholders have 311 words, post on www.theguardian.com at February 16, 2020. This is cached page on Europe Breaking News. If you want remove this page, please contact us.