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Top StoriesUK-based Gazprom Units Say German Move Has Secured Their Future
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BusinessNow’s the Time for Accurately Communicating Sustainability Credentials
Explainer-First Global Guidelines for Company Sustainability Disclosures
Date: March 31, 2022
By Huw Jones LONDON (Reuters) – The newly created International Sustainability Standards Board (ISSB) has published the first set of global guidelines on corporate sustainability disclosures for public consultation. WHAT IS THE ISSB? It was launched at the United Nations’ COP 26 climate summit in November 2021 following a call from world leaders, investors and...
Swiss Re Shareholders Urged to Oppose Chairman’s Re-Election in Gender Row -Ft
Date: March 30, 2022
ZURICH (Reuters) – Swiss Re shareholders have been urged to vote against the re-election of Chairman Sergio Ermotti at the reinsurance company’s upcoming annual general meeting, The Financial Times reported on Wednesday. Proxy adviser Institutional Shareholder Services (ISS) has recommended shareholders oppose the reappointment of Ermotti, as a “signal of concern” over the lack of...
UniCredit CEO’s Pay Draws Fresh Criticism From Investor Advisers
Date: March 28, 2022
By Valentina Za MILAN (Reuters) -Leading investor advisory firms have again raised concerns over the salary of UniCredit CEO Andrea Orcel, with one recommending for a second straight year shareholders vote against his pay. Orcel, former head of investment banking at Swiss bank UBS, narrowly dodged an investor revolt over the remuneration package that made...
Major Ericsson Shareholders to Vote Against Some Board Members at Agm
Date: March 28, 2022
By Supantha Mukherjee and Helena Soderpalm STOCKHOLM (Reuters) – Major shareholders in Ericsson, including Cevian Capital, Swedbank Robur and Norway’s wealth fund, will vote against a motion to clear some board members of responsibility over possible payment of bribes to militant organisations in Iraq, deepening a crisis at the Swedish company that has cut its...
Italy’s Generali Axes CEO Challenger Before Key Shareholder Vote
Date: March 28, 2022
MILAN (Reuters) -Italy’s largest insurer Generali said on Monday it had fired veteran executive Luciano Cirina, who is publicly challenging incumbent Philippe Donnet for the role of chief executive, for alleged breach of contract. Cirina, who was head of Austria and the CEE countries at the insurer, has been proposed for the top job by...
End of an Era: NatWest Returns to Majority Private Control
Date: March 28, 2022
By Huw Jones and Iain Withers LONDON (Reuters) -British state-backed bank NatWest has returned to majority private ownership, 14 years after its bailout by taxpayers at the height of the global financial crisis. The government’s stake in the former Royal Bank of Scotland will be cut below 50% after NatWest agreed to buy 1.2 billion...