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Latest news and blogs

21-Oct-2014

ShareAction, the watchdog for pension fund governance, welcomes the wording of the DWP’s draft regulations issued this morning on workplace pension schemes.

 

If introduced, the regulations would require Master Trusts to consult scheme members on matters relating to the scheme, through AGMs, member surveys or member representatives.

29-Sep-2014

ShareAction is calling on investors to ensure Shell’s ability and willingness to comply with regulatory requirements in the Arctic as new documents reveal that the company is seeking increased regulatory flexibility in private meetings with the Obama administration.

16-Sep-2014

ShareAction, the watchdog for pension fund governance, is calling on the Financial Conduct Authority to strengthen its proposals for Independent Governance Committees (IGCs) for contract-based pension schemes, to avoid them simply rubber-stamping rip-off charges imposed on pension savers.

15-Sep-2014

ShareAction, the movement for responsible investment, and the Living Wage Foundation, jointly presented incoming Tesco Chief Executive Dave Lewis with a giant Living WageClubcard on Tuesday at the company’s headquarters in Cheshunt.


The six-foot Clubcard is a welcome gift to Lewis designed to remind him of the importance of paying fair, following the shock departure of his predecessor Philip Clarke over a drop in sales at the retail giant.

15-Sep-2014

Sports Direct is set to face questions on its use of controversial zero hours contracts for part time staff at its AGM on Wednesday afternoon.

 

ShareAction, the movement for responsible investment, plans to attend the company’s AGM in Shirebrook on Wednesday (September 10) at 3pm, using its rights as a shareholder to ask a question about the firm’s continued reliance on zero hours contracts.

28-Aug-2014

Following Shell’s reported admission of its likely failure to meet regulatory targets for reducing toxic wastes from oil sands in Canada, ShareAction has warned investors to query the company’s ability to drill in the Arctic “completely flawlessly.”

 

Lorraine Mitchelmore, the head of Shell’s Canadian unit, was quoted in the Wall Street Journal this week saying that the company may not be able to meet its promised targets for reducing toxic wastes from oil sands in the region, and calling for more time and eased regulation from the Canadian government.