Governance News provides a weekly wrap up of key governance and regulatory developments in Australia and overseas. This week's issue features (among other things) an overview of APRA's information paper, Self-assessments of governance, accountability and culture and the findings to emerge from APRA's analysis.
Risk Management: Our top story this week is an overview of APRA's information paper entitled Self-assessments of governance, accountability and culture which presents APRA's analysis of the themes to emerge from the self-assessments conducted by 36 financial institutions following the CBA prudential inquiry. The report also outlines the regulator's planned response.
Shareholder activism: Climate Action 100+ is targeting a number of companies this year in a bid to drive progress on climate change and more particularly progress towards transitioning to a low carbon economy in line with the goals of the Paris agreement. The group recently had success at BP where a resolution organised by Climate Action 100+ secured over 99% support.
Institutional Shareholders and Stewardship: A report from ACCR, entitled Vote like you mean it has found that the majority of Australia's largest 50 superannuation funds are failing to support a majority of shareholder proposals on ESG issues.
