The Pension Investment Association of Canada is urging the Canadian Securities Administrators to work closely with its international counterparts to ensure consistency in regulations on climate-related disclosure. In an open letter to the Ontario Securities Commission, the PIAC called on the CSA to align its climate regulations with the U.S. Securities and Exchange Commission and […]
An analysis of submissions made to the U.S. Securities and Exchange Commission reveals a sharp divide between the opinions of institutional investors and corporate executives when it comes to a proposal to standardize corporate climate disclosures. “Comments from different parties did not always fall along corporates versus investors, though some did,” wrote Subodh Mishra, global […]
Much debate remains about whether private equity is an appropriate option for members of capital accumulation plans. Canada’s neighbours to the south have been examining the potential legal pitfalls of these allocations. A recent information letter from the U.S. department of labor set forth a framework plan sponsors can use to consider the prudence of […]
It appears some institutional investors are aware of activist campaigns before they become public, according to new research. A working paper by three assistant professors of finance — the University of Northern Iowa’s Ryan Flugum, the University of Rhode Island’s Choonsik Lee and the University of South Carolina’s Matthew Souther — found some institutional investors […]
Public pension plans rely on the help of investment advisory firms, but do politics play a role in which firms they choose to work with? A paper co-written by William Beggs, an assistant professor of finance at the University of San Diego School of Business and Thuong Harvison, a PhD candidate at the University of […]
As the U.S. Securities and Exchange Commission moves to increase its oversight over proxy voting advisory firms, Horizons ETFs is evolving its proxy voting policies to take on a more socially responsible investing position. “We do have an obligation to our unit-holders to act in their best fiduciary interest, but we also have a socially […]