Hints and tips:
...In some cases, when anti-ESG and boycott laws passed, public pension fund trustees balked at being forced to move money, saying it would violate their fiduciary duty to put investors first....
...Apex Corporate Trustees, the trustee for the ETP, whose duties include overseeing the fund’s activities and protecting the rights of the investors, said it was “unable to comment on client matters”....
...“However, as with any advisory relationship, the decision-making power sits with trustees.”...
...After a 78-year run, Marlborough Gallery is to close this June, a decision announced by its board of trustees on Thursday....
...“What we had seen, which was disconcerting for trustees, is that they can’t buy or sell,” said David Fogarty, a professional trustee with Dalriada, a trustee firm....
...Trustees have also warned that industry moves to make the financial system more resilient could yet lead to unintended consequences....
...and led the government’s 2017 Taylor Review of the Sustainability of English Parish Churches and Cathedrals....
...The trustees in charge of Social Security, the government retirement programme, estimated last year that it would have to start cutting benefits in 2033, unless Congress raised the retirement age or levied...
...Regulators appear to have failed to identify the flaws or communicated these flaws to trustees sufficiently robustly....
...Üstek previously directed the Liverpool Biennial, though resigned midway, with other board members in her wake, after reported disagreements with the event’s trustees....
...Boots said it had a good relationship with the pension trustees and that the scheme was in a strong financial position....
...Private markets are “notoriously opaque,” said Richard Butcher, managing director of PTL, a UK firm of independent trustees, at the same event. “How do I know what the true cost of investment is?”...
...“The trustees are not just passing over a very well recognised and regarded team of individuals, but also the assets of three schemes, and all of their employees....
...It would not specify what information would be shared with trustees under the new agreement. The trustees also declined to provide details....
...Trustees from the same museum bought work by Dominic Chambers at Lehmann Maupin....
...TransDigm’s covenant will not thrill trustees of the £1.2bn scheme, which has a £300m accounting deficit according to filings. The US group has some $16bn in net debt, 7.4 times prospective ebitda....
...A version of this article was first published by Nikkei Asia on June 8, 2022. ©2022 Nikkei Inc. All rights reserved....
...The company, he said, had arranged the “necessary financing” for the purchase and reached a memorandum of understanding with Meggitt’s pension plan trustees....
...The trustees of the group’s pension funds have also warned that the higher levels of indebtedness inherent to both bids would weaken the covenant of the schemes....
...Last week the Capstrano Unified School District Board of Trustees in Orange Country, California, voted to adopt a resolution requesting Newsom to reconsider or rescind the vaccine mandate for children after...
...The Church of England has begun reappraising its estate, removing dedications to Colston from the stained glass windows of Bristol Cathedral, which the church said had “prevented many people from finding...
...distinctive, locally produced food to meet customer demand, said analysts, even as they remain minnows in comparison to bestsellers such as Country Life butter, Clover spread and the UK’s most popular cheese, Cathedral...
...The templates were developed to help pension trustees identify charges, and challenge fund managers on fees....
...At the end of the year, external winners are due, pandemic willing, to be rewarded with a tour of the FT offices near St Paul’s Cathedral in London....
...While everyone wants black trustees and ethnically diverse artists in performance, there still seems a reluctance to hand over the keys of leadership....
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