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  • 19/06/2019
    Saker Nusseibeh
    The world is at a tipping point; responsible investment, ESG and stewardship, once seen as the preserve of niche green investors is now mainstream, challenging accepted investment fundamentals, as well as investors, asset owners and companies to do better.
  • 03/06/2019
    Hans-Christoph Hirt
    How bondholders can engage companies for the benefit of all stakeholders
  • 18/04/2019
    Hans-Christoph Hirt
    In December of last year, the Hermes Shareholder Rights Directive survey was conducted among a panel of 175 European asset owners and managers to gauge levels of awareness and readiness for the Directive.
  • 15/03/2018
    Hans-Christoph Hirt
    Against the backdrop of rising populism and low levels of trust in UK businesses, the Financial Reporting Council (FRC) has been considering how to bring the voice of employees into the boardroom as part of its ongoing efforts to revise the country’s Corporate Governance Code. This follows on from the UK government’s work on the same topic as part of its corporate governance reform green paper in 2017. Unlike regulation in other European countries, UK law does not mandate board level employee representation. However, section 172 of the 2006 Companies Act requires directors to take into account the interests of employees and other stakeholders.
  • 01/03/2018
    Hans-Christoph Hirt
    The UK Stewardship Code was truly pioneering when it was introduced in 2010. It was designed to enhance the quality of engagement between investors and companies, thus contributing to long-term corporate success and improving investment returns for the ultimate beneficiaries. The Financial Reporting Council (FRC), which developed it, can be proud that the code’s introduction has been the catalyst for the proliferation of stewardship codes globally. However, with the code’s planned revision, on which the FRC has just undertaken an initial consultation, we must recognise that it has not yet completely fulfilled its purpose and that a market for stewardship remains a hope rather than a reality.
  • 18/12/2017
    Hans-Christoph Hirt
    Climate change The year 2017 will be remembered for the devastating effects of hurricanes and other extreme weather events. Climate change will therefore remain top of the investor agenda for the foreseeable future. There will be a push for more standardised disclosures, based on the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), and increasing collaboration between investors globally in an attempt to move companies in the right direction. We will continue to engage with companies on the risks and opportunities arising from climate change and encourage them to report against the TCFD recommendations.
  • 25/10/2017
    Hans-Christoph Hirt
    Following its publication in 2010, the UK Stewardship Code quickly became a global trendsetter. Similar guidance has since followed in Brazil, Canada, Japan and other Asian countries, Kenya, South Africa, several European countries and even in the US. As stewardship codes continue to surface across the globe, Dr Hans-Christoph Hirt, Head of Hermes EOS at Hermes Investment Management, assesses the impact and success of implementation in the UK in comparison to its Asian and American counterparts. 
  • 15/12/2016
    Hans-Christoph Hirt
    Remuneration Following the strong votes against proposed pay packages at a number of companies in 2016, remuneration will again be in the spotlight in 2017. This is particularly the case in the UK where companies will face a new round of binding shareholder votes on pay policies as part of the three-year voting cycle on this. Following much thinking and consultation with key stakeholders, we launched new remuneration guidance in the second half of 2016, setting out expectations to help steer companies in the right direction ahead of the voting season. We also provided a response to the corporate governance inquiry by the UK Parliament’s Business, Energy and Industrial Strategy (BEIS) Committee.