Today
Directors club whacks proxy ‘oligopoly’
The Australian Institute of Company Directors hits out at ‘high market concentration’ of proxy advisers but knocks back Treasury’s proposal to ban the proxy advisor ACSI.
- 34 mins ago
- Michael Roddan
Yesterday
Activists win a third seat on Exxon board, adding to influence
While the first two new dissident board members were oil company veterans, the newest member has strong environmental credentials and is expected to pose more of a challenge to senior management.
- Clifford Krauss
This Month
- Opinion
- Chanticleer
Forgotten investors slam proxy ‘reforms’
Investors believe the government’s move will push up costs and hurt their ability to hold boards accountable. So who are these changes actually saving?
- James Thomson
Top chairmen rail against industrial relations complexity
The final session of the shareholders association conference provided insight into frustrations held by the leaders of three of Australia’s biggest companies.
- James Eyers
- Opinion
- Opinion
We are all green now. Why ESG funds have a shelf life
As investors ramp up calls for sustainability at every company, and regulators set more targets for eliminating emissions, ESG has a finite future as a discrete category.
- The Lex Column
EY Europe revamp has partners worried over Wirecard fallout
Accountancy group EY is to centralise power in a new European executive team, pooling resources across the region but raising concerns that any financial hit from the Wirecard scandal might also be shared.
- Updated
- Michael O’Dwyer and Olaf Storbeck
May
- Opinion
- Opinion
Is this peak oil? Maybe, but we have definitely hit peak oil company
With each passing day it is hard to resist the impression that global energy policy is at an inflection point.
- Ben Wright
Activist’s fight at Exxon began with lessons at a coal mine
Chris James said his experience sowed the seeds of what eventually became Engine No 1, the investment firm that this week won at least two seats on the board of Exxon.
- Scott Deveau
- Exclusive
- Executive pay
Stockbrokers, analysts hit by proxy crackdown
Analysts at stockbrokers and investment banks fear they will be hit by Treasurer Josh Frydenberg’s crackdown on proxy advisers.
- John Kehoe
Exxon CEO dealt stinging setback by tiny activist
Exxon Mobil CEO Darren Woods has been outmanoeuvred by a tiny activist firm, which snagged at least two board seats and promised to push the crude driller to fight climate change.
- Kevin Crowley and Scott Deveau
PM should apologise to Holgate over ouster: report
A Senate inquiry into the Cartier watches saga says Australia Post board chairman Lucio Di Bartolomeo should resign and new directors be named.
- Tom McIlroy
New AGL chairman under pressure over PNG royal commission
The PNG commission has been frustrated by Oil Search and Norton Rose refusing to hand over documents into a $1.2 billion UBS loan.
- Angus Grigg
ASX grapples with retail trading surge, crypto push
‘If something is free, you’re probably the product,’ says Dominic Stevens about zero-cost brokers.
- Jonathan Shapiro
- Opinion
- Chanticleer
Proxy ‘reforms’ fail at first hurdle
The stats show boards almost always get their own way, regardless of what proxy advisers say. So what problem is the government really trying to solve?
- James Thomson
Dimon succession race puts two women ahead of JPMorgan pack
Marianne Lake and Jennifer Piepszak are now in contention to one day replace Jamie Dimon after an executive overhaul at the Wall Street titan.
- Updated
- Hannah Levitt and Sridhar Natarajan
- Exclusive
- Clive Palmer
Clive Palmer drops human rights claims against ASIC
Clive Palmer has quietly dropped a bid to have criminal charges brought against him by the corporate regulator thrown out, which involved an unusual claim.
- Michael Roddan
Can Sanjeev Gupta escape the crisis engulfing his business?
The steel magnate has an uphill battle to refinance after Greensill’s collapse.
- Sylvia Pfeifer, Owen Walker and Kaye Wiggins
US companies prepare share buyback bonanza as outlook clears
Goldman projected share repurchases by US companies would increase 35 per cent this year from 2020.
- Aziza Kasumov and Siddharth Venkataramakrishnan
New RBA powers to fix market failures
The corporate regulator and Reserve Bank of Australia will get new powers to identify and intervene should financial market infrastructure like the ASX catastrophically fail.
- Lucas Baird
Former Australia Post boss Christine Holgate named Global Express boss
Christine Holgate has been named as the new chief executive of rival delivery company Global Express, days after the end of her non-compete clause with Australia Post.
- Tom McIlroy
