Corporate Governance

Corporate governance has become increasingly politicized in recent years, with very real consequences for investors and financial institutions of all kinds. From a looming funding crisis facing the nation’s public pension system to the emergence of quasi-regulators operating with unchecked powers and limited scrutiny, there has been increased focus on politically motivated investments, often at the expense of traditional fiduciary responsibility aimed at maximizing returns.

News

Rating agencies using green criteria suffer from ‘inherent biases’

Agencies that judge companies according to their environmental, social and governance metrics suffer from wildly diverging standards and “inherent biases”, according to a report by the American Council for Capital Formation.

Think tank takes ESG rating agencies to task

The American Council for Capital Formation is questioning the ratings process used for ESG investments.

Bloomberg TV: Banks Discusses Role of Proxy Advisory Firms

ACCF Executive Vice President George David Banks recently sat down with @markets to discuss proxy advisory firms and the disconnect between big money managers...

Research & Publications

Ratings That Don’t Rate: The Subjective World of ESG Ratings Agencies

EXECUTIVE SUMMARY As the trend of Environmental, Social, and Governance (“ESG”)1 investing has risen, so too has the influence and relative importance of ESG rating...

New Report: Proxy Advisory Firms Operate with Unchecked Power

A new ACCF report finds that proxy advisory firms are currently operating with minimal oversight, making recommendations that materially impact public companies’ proxy outcomes, operations and disclosure requirements.

Politics Over Performance: New York City Pension Funds

Bad Apple: New ACCF Report finds New York City’s public pension fund system in bad shape and getting worse