The Pensions Trust (TPT) has chosen Governance for Owners (GO) as its engagement overlay service provider. GO will engage with TPT’s investee companies across global markets with a view to enhancing performance by encouraging better environmental, social and governance practices.
Grant Thornton’s 11th Annual Corporate Governance Review revealed 5% of chairmen are going out of their way to emphasise the importance of values when establishing an effective governance environment. However, 25% made no reference to governance anywhere in their annual reports.
The City of London Investment Group has written to the directors of the BlackRock World Mining Trust expressing disappointment that the good investment record is not more fully reflected in the share price, which remains at an “unreasonably large” discount to NAV.
Aviva Investors and Governance for Owners (GO) have welcomed the European Commission’s Corporate Governance and Company Law Action Plan published last month. However, Aviva said legislative proposals need to go further and mandate European companies to disclose how they manage their social, environmental and human rights-related issues and performance.
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