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Authors

  • 30/11/2020
    Amy Wilson
    EOS at Federated Hermes, the leading stewardship provider, has today published its 2021 UK Corporate Governance Principles. In a letter to 124 listed UK companies, EOS has outlined its expectations across a number of important strategic governance, environmental and social topics.
  • 23/07/2020
    Saker Nusseibeh, CBE
    Federated Hermes has completed a significant expansion of its stewardship team, EOS, with 13 new hires this year – 10 in the US and three in the UK.
  • 14/05/2019
    Dr. Hans-Christoph Hirt
    Hermes EOS outline voting recommendations and topics raised at German automotive AGMs
  • 12/03/2019
    Dr. Hans-Christoph Hirt
    Hermes EOS will work with the Australian Council of Superannuation Investors to provide engagement services
  • 12/02/2019
    Saker Nusseibeh, CBE
    The Shareholder Rights Directive survey, A step towards sustainable capitalism, conducted with 175 European institutional investors to gauge levels of awareness and readiness for the Shareholder Rights Directive II, reveals that only a staggering 3% believe their organisation already meets all the requirements of the Directive.
  • 12/09/2018
    Mitch Reznick
    The perceived divergence of priorities between bondholders and shareholders has led some to believe that these investors cannot engage with companies on the same issues. Some – remarkably - even question the legitimacy of bondholders (or other creditors) engaging with companies in the first place. However, given their financial stakes in a company, both types of investors not only have legitimate cause to engage, but also a professional duty to do so. So say, Mitch Reznick, Co-Head of Credit, and Dr. Hans Christoph-Hirt, Head of Hermes EOS, in We Can All Get Along, a new report dispelling myths surrounding joint company engagements between bondholders and long-term shareholders. Writing in the paper, the authors argue that the difference in the payoff profile of equities and bonds is sometimes cited as a reason that bondholders focus less on long-term factors, while shareholders want to see growth. However, there are strategic issues which the pair highlight as being relevant to a company’s current and likely future health and value creation, including the management of ESG (environmental, social and governance) factors. Arguing that although the cash flows from bonds held to maturity will not alter unless operating cash flows are substantially impaired, the authors highlight that unmitigated risks can weaken a company’s ability to fulfil its debt-service obligations.
  • 10/09/2018
    Dr. Hans-Christoph Hirt
    With nine months until the implementation of the European Commission’s Directive on shareholder rights (‘SRD II’), Hermes EOS, Hermes Investment Management’s stewardship and engagement team, raises concerns that asset owners are underprepared to meet their obligations. The enhanced Directive sets out to empower shareholders, enhance the efficiency of the chain of intermediaries and encourage long-term shareholder engagement, with the ultimate aim of contributing to the sustainability of publicly traded EU companies.