The rising tide of corporate governance
In the last year, there has been a broad shift in corporate governance focus towards social issues, including human capital management – the ‘S’ of ESG. The proxy voting adviser Glass Lewis notes majority support for a record number of such proposals, including on diversity in the 2020 US proxy season, and this focus is set to continue following human capital management disclosure rules announced by the Securities and Exchange Commission last autumn. CEO pay has come under the spotlight this AGM season as investors have taken a dim view of companies that have benefited either from gov...