Corporate Governance

Corporate Governance

Rating agencies using green criteria suffer from ‘inherent biases’

The Financial Times
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

Pensions & Investments
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...

Leading National Associations Announce Launch Of First-Of-Its-Kind Investor Coalition

Former White House senior official George David Banks to serve as Executive Director

Time to Regulate Proxy Advisory Firms

RealClear Policy
In the world of corporate governance, proxy advisory firms like ISS (Institutional Shareholder Services) and Glass Lewis have become increasingly important. Their role advising...

DOL Guidance on ESG Investment*

Real Clear Markets
While the market from ESG related information and investment strategies has grown in the last few years, investing via these factors, without a show of “substantial increase in economic value of the company,” should be a decision that investors make after careful consideration of the effect on their investment.

New York’s Pensions Should Focus On Financial Returns — Not Politics

Published in Investors' Business Daily

The recent push by New York City Mayor Bill de Blasio and Comptroller Scott Stringer to divest the city's pensions from fossil fuels is playing politics with retiree savings at a time when they can least afford it.