Edition:
United States

Ross Kerber

Mar 23 2017

For Goldman Sachs, a rare pass from shareholder resolutions

NEW YORK/BOSTON For the first time in more than a decade, Goldman Sachs Group Inc has managed to avoid any proxy battles with activist shareholders by convincing investors and securities regulators that voting on several proposed corporate policy changes were unnecessary.

Mar 13 2017

BlackRock vows new pressure on climate, board diversity

BOSTON BlackRock Inc, which wields outsized clout as the world's largest asset manager, planned on Monday to put new pressure on companies to explain themselves on issues including how climate change could affect their business as well as boardroom diversity.

Mar 13 2017

Exclusive: BlackRock vows new pressure on climate, board diversity

BOSTON BlackRock Inc, which wields outsized clout as the world's largest asset manager, planned on Monday to put new pressure on companies to explain themselves on issues including how climate change could affect their business as well as boardroom diversity.

Mar 09 2017

After Snap IPO, U.S. regulator questions unequal voting rights

WASHINGTON/BOSTON One of two current members of the U.S. Securities and Exchange Commission raised questions on Thursday for companies like Snap Inc that offer shareholders unequal voting rights, saying the agency should "focus on how some innovations may prove detrimental to investors."

Mar 08 2017

FTSE Russell turns to investors on Snap voting rights quandary

BOSTON FTSE Russell will consult with big investors on whether to include companies like Snap Inc in its widely followed stock indexes even if their shares lack voting rights, an executive said.

Mar 06 2017

Investor group seeks to bar Snap from indexes over voting rights

BOSTON A group representing large institutional investors has approached index providers S&P Dow Jones Indices and MSCI Inc, looking to bar Snap Inc and any other company that sells investors non-voting shares from their stock benchmarks.

Mar 01 2017

Exclusive: SEC advisory committee to question Snap's transparency for investors

BOSTON An investor committee that advises the U.S. Securities and Exchange Commission will next week review if Snap Inc's decision to deny shareholders voting rights might also reduce the social media company's public disclosures on executive pay and other governance matters, the head of that committee told Reuters on Wednesday.

Mar 01 2017

SEC advisory committee to question Snap's transparency for investors

BOSTON An investor committee that advises the U.S. Securities and Exchange Commission will next week review if Snap Inc's decision to deny shareholders voting rights might also reduce the social media company's public disclosures on executive pay and other governance matters, the head of that committee told Reuters on Wednesday.

Feb 16 2017

Wells Fargo to oppose nuns on review resolution: document

BOSTON The board of Wells Fargo & Co plans to oppose a resolution filed by shareholder activists led by the Sisters of St. Francis of Philadelphia seeking a review of the root causes of the bank's unauthorized accounts scandal, according to a draft document seen by Reuters.

Feb 13 2017

'Overpaid' CEOs a risk for investors, study finds

BOSTON Executive pay that is disproportionate to a company's past performance may also signal that poor returns are coming, according to a study released on Monday by shareholder activist group As You Sow.

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