Hints and tips:
...A $95.2bn Massachusetts state pension fund voted last week to change the name of its ESG Committee to the Stewardship and Sustainability Committee....
...The audit “was inconclusive, but the board is very clear of its fiduciary duties and obligations”....
...Farage has not outlined whether he plans to stand as a candidate in the upcoming general election....
...The board believed it had a fiduciary duty to get the best price even if the winning buyer came from abroad....
...The Delaware ruling threatens to curtail Musk’s plan to finance his growing business empire by borrowing against his Tesla stock....
...SoftBank, as DD readers are aware, has also halted new investments and is also preparing for a blockbuster initial public offering of Arm in New York to help fuel its turnround plan....
...And the way that they decide to do that is to form this special committee where they can sell Sculptor....
...The ambitious plan to sever the firm’s audit and consulting businesses was scrapped on Tuesday after EY’s 18-person global leadership team sent partners a note outlining plans to pursue a different deal,...
...The decision to review the fiduciary duties of pension fund trustees in relation to climate and energy transition risks is significant....
...However Straub argued: “The company has a fiduciary duty to accept our offer considering the proceeds will go to the sanctions committee.”...
...“BlackRock’s role in the transition is as a fiduciary to our clients — it is not to engineer a specific decarbonisation outcome in the real economy,” BlackRock wrote in its response....
...In the US, Republican politicians and officials have singled out Gfanz and its members, including BlackRock, which sits on the alliance’s steering committee, for criticism that fiduciary duty could be compromised...
...It set up a cross-disciplinary ESG disclosure committee from across the company....
...In his statement, Carney emphasised the alliance’s long term plans....
...However, the Florida pension plan is opposing that request and is pressing to move forward with discovery and depositions....
...Drugmaker Amgen, toymaker Hasbro and video game maker Take-Two Interactive also release earnings....
...Trümper believed that their plan was illegal. Trümper and his team warned Braun and the other executives that a planned repackaging of the loan would be a breach of their fiduciary duty....
...Cameron was not on the main board, did not attend board meetings and had no executive, managerial or fiduciary responsibilities....
...Part 2: Tax incentives The master plan also comprises $235bn worth of green energy tax credits over a 10-year period, according to the Congressional Joint Committee on Taxation....
...“Credit Suisse has a fiduciary obligation to its fund investors and cannot consent to any solution that is not fair for them,” the bank said in its statement on Friday....
...Rebecca Chua, Hong Kong-based founder and managing partner of Premia Partners, said it was premature to say that State Street would be replaced, and the review appeared to be intended to set up a contingency plan...
...Kamensky, who co-chaired an official committee of creditors, offered to buy some of those illiquid shares for 20 cents on the dollar from fellow claimants who wanted immediate cash....
...The committee did not respond to a request for comment....
...“Until we get to that point, it’s counterproductive to consent to an amendment without a plan in place,” she added. “We would not be fulfilling our fiduciary duty to our investors.”...
...Mr Kamensky resigned as co-chair of the unsecured creditors committee on August 1....
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