…No. 1 campaign is regarded by many as a major contribution to “sustainability.” The Elliott Advisors campaign is being considered by many as a rather muted form of activist investing that lacks the traditional punch, although it…
One week ago today on July 20, 2021 Trump appointee SEC Commissioner Hester M. Peirce (R) gave a 4,725 word speech to the Brookings Institution titillatingly titled “Chocolate-Covered Cicadas.” The purpose of this cute title eludes me…
After baseball, litigation is America’s national sport. A Harvard Law School paper, “Comparative Litigation Rates,” by Professors J. Mark Ramseyer & Eric B. Rasmusen notes that the U.S. has 5,806 lawsuits per 100,000 people. The U.K. is a…
The recent decision of a Dutch court in Milieudefensie and Ors. v Royal Dutch Shell plc reinforces the expansion of tort law to climate change issues. As this application of tort increases, directors will need to be aware of and manage the…
On July 1, 2021 Elliott Advisors (UK) Limited published a letter sent to Sir Jonathan Symonds and Members of the Board of Directors of GSK, which includes Chief Executive Dame Emma Walmsley. More on the letter below but its essence was an…
Once upon a time you dressed so fine Threw the bums a dime in your prime, didn’t you? People call say ‘beware doll, you’re bound to fall’ You thought they were all kidding you You used to laugh about Everybody that was hanging out The…
The importance of setting global standards for sustainability reporting cannot be overemphasised, and although the world is well positioned to implement such standards, strong governmental support must be the driving…
I have previously written about the importance of system-level investing for managing systemic risks. In essence, this involves an investor considering the negative externalities being created by its portfolio of assets, a portfolio that…
…of its 60 subsidiary companies, of which only 15 provide any kind of sustainability report, most of which are minimalist at best. Adding a few staff at the corporate level to do this would be an easy thing to do for a company that has…
…investing is a report from the CFA Institute on “The Future of Sustainability in Investment Management,” which was published last December. The report advises moving beyond traditional ESG practices to system-level thinking:…
For those who care about a just society and a planet that will support human life for generations to come, the Trump administration was a disaster in so many dramatic ways that the list is too long and depressing for me to contemplate. So…
…(7) the now-demonstrated fact that performance on material sustainability issues contributes to financial performance at the company level, and (8) the growing concern of large asset owners and asset managers who are “universal…
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