A new bill in Congress would all but eliminate the shareholder proposal, a favorite tactic of activist shareholders. The proposals can push companies to change their business practices related to human rights, the environment, executive pay and lobbying.
The Community Reinvestment Act was supposed to right many of the wrongs that led to unfair lending practices. But a new study shows it isn’t working.
Transparency matters to 21st-century shareholders. The Royal Bank of Canada and the Walt Disney Co. both heard from shareholders last month. They called for greater transparency into the companies’ political views and lobbying efforts.
In February, the Business Roundtable, a group representing the some of the most powerful CEOs in corporate America, delivered a regulatory hit list to a sympathetic White House. Within that roster was a pitch to decimate the regulatory provisions that allow small shareholders a voice in corporate governance.
Wells Fargo’s struggles continue as investors call for several members of its board to be replaced. To make matters worse, more cities are considering divesting from the bank as a result of its involvement in the Dakota Access Pipeline.
With a new presidential administration keen on eliminating reforms that attempt to stall the financial industry’s excesses, watch for new economic risks to emerge in the next few years — including America’s mounting student debt.
Wells Fargo will pay $110 million to settle a class-action lawsuit over its dubious retail banking practices. But the bank’s legal and ethical troubles are far from over.
‘Shadow banking’ refers to nonbank financial services that fall beyond the scope of traditional regulation — everything from hedge funds to fintech services like Quicken Loans. These companies are quickly carving out market share, and some experts say it exposes the U.S. economy to undue risk.
U.S. President Donald Trump’s weekly flights to Florida and Virginia, combined with the dizzying cost of security for the first lady in New York, are prompting questions about why social programs that “average” Americans count on are too expensive for the federal budget.
The Donald Trump administration is considering a move that would severely limit shareholder rights and cut off communication between shareholders and corporate boards. In a letter to the National Economic Council, the CEOs and executive directors of several investment organizations urged the White House to keep current protections in place.
Kraft Heinz plans to vote on three sustainability-related shareholder resolutions at its annual meeting in Pittsburgh next month. And the company is opposed to every one of them.