In August 2019, Tencent appointed its first female director following Hermes EOS engaging with the company on gender equality. We believe that by encouraging change at Tencent, there will be a multiplier effect on other technology companies, both in China and globally.

Hyundai Motor has improved its board composition and skill sets, making progress from its historically dominant founding family, and acknowledging minority shareholder interests.

What real-world impacts did we achieve through our engagements in the first half of 2019?

Hermes EOS welcomes the breakthrough by 181 CEO members of the US Business Roundtable (BRT) who last week signed a Statement of Purpose endorsing a stakeholder-inclusive purpose for corporations.

Tullow Oil has made new appointments at board and executive level to address its nationality and ethnic diversity issues, following investor engagement.

Teva Pharmaceutical Industries (Teva) has taken significant steps to align its executive compensation to long-term success and investor expectations, against a backdrop of high pay in the industry.