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...She added: “This is where the disquiet comes in for trustees — and their advisers too.”...
...In a governance reshuffle intended to signal independence and to reflect its growth, SBTi incorporated as a limited company last year and added independent trustees to its board....
...The company said Lavine, a large donor to the Democratic party and the former chair of Columbia University’s board of trustees, “believes the time is right to take on a new role” and step back from day-to-day...
...Paolo Scaroni, the influential former chief executive of oil major Eni, has stayed on as club chair. Gordon Singer has kept his seat on the board....
...“The fund’s board of directors and independent committee rejects entirely the allegations of mismanagement made against them by TGT/Yield App,” said Carlos Mariano Grandval, who is a director and part of...
...He said that even though convictions “lag the financial year in question”, they still needed to be considered when boards were deciding on dividends and that the basis of the decision needed to be explained...
...Mick McAteer, co-founder of the Financial Inclusion Centre think-tank and a former FCA board member, said the stress-test plan was “very welcome”....
...This led shareholders to decide against the continuance of the fund in a vote last year, sparking a strategic review by a new board and ultimately Thursday’s agreement to sell the fund to US rival Concord...
...Armitt is a former chair of the National Express Group and held senior roles with the Berkeley Group as well as the Board of Transport for London....
...At a meeting held last month, the firm proposed to its board of trustees for Pimco Funds that it consider converting its $141mn Mortgage-Backed Securities Fund from a mutual fund into an ETF, the filing...
...Saverys said the green energy business was “totally different from where it was two years ago” and that the board’s rejection of a deal in 2022 “should also be seen in light of what was then the strategy...
...For the moment, pension fund trustees in the UK are still not sure if they can prioritise the positive climate impacts of an investment at the expense of creating returns for beneficiaries, according to...
...This week, an ill-judged statement from its board of trustees has put that hard-won reputation at risk — not least among SBTi’s own staff....
...One of them, Ian Foxley, previously a lieutenant colonel in the British army and a former senior executive at GPT, filed a legal claim last month against the MoD, the Department for Business and Trade and...
...However, it pulled out after hedge fund manager Chris Hohn, whose fund TCI is one of the plane maker’s largest shareholders, objected to the plan....
...The policy on offsets was made by the board without the consultation of SBTi’s technical and advisory groups, members of those groups said in a letter sent to trustees on Friday....
...The company has attracted $13bn of investment from Microsoft while other investors, including Singapore’s giant Temasek fund, are considering backing it....
...Ultimately, you can apply to the court for a declaration of your interest and for a sale (Trusts of Land and Appointment of Trustees Act or TOLATA application)....
...The company’s board, which has been forced to review options for its future as a result of the shareholder vote, said on Thursday that it would appoint independent advisers to conduct due diligence on the...
...The bad blood between the two parts of the family is longstanding and there’s no ending in sight with seven convoluted legal cases pending before the courts....
...Next week the Portuguese executive returns to London to take up a less familiar challenge — running one of the UK’s most prominent insurers, Legal & General....
...He served as chair of trustees of the National Gallery between 1985 and 1991 and chair of the Heritage Lottery Fund from 1994 until 1998....
...But is the pipeline of legal advisory talent there?...
...There’s another motivation: the group already owns part of Hipgnosis Song Management, the fund’s manager and investment adviser....
...The complex ownership structure, with multiple share classes and lack of a shareholder vote, could lead to legal battles, Lex notes. A phalanx of lawyers will untangle its web....
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