Governance issues to be highlighted at Rio Tinto AGM

Corta Atalaya opencast mine, Huelva, Andalusia, Spain

Hermes intends to vote against Chairman due to lack of diversity progress Joins investor group in calling for further disclosure on climate risks Ahead of the Rio Tinto AGM tomorrow, Bruce Duguid, Stewardship Director within the Hermes EOS team at Hermes Investment Management, highlights two areas of focus in our engagement with the company.   Environmental […]

Hermes calls for overhaul of CEO and executive remuneration models

Buidlings

Hermes Investment Management (Hermes), the £28.6 billion manager focused on delivering superior, sustainable, risk adjusted returns to its clients – responsibly, is calling on large publicly listed companies to overhaul current executive remuneration models. In its paper ‘Remuneration Principles: clarifying expectations’, Hermes outlines why well-structured remuneration practices are key to aligning the activities of management with […]

América Móvil

Red handset from the landline

Latin American telecoms giant is dealing strategically with new anti-monopoly regulation in its biggest market, while improving disclosures to investors, setting an example for other businesses in the region. Background América Móvil is a conglomerate of telecommunications providers in Latin America and the US. Its largest market is Mexico, where its landline subsidiary, Telmex, has […]