A group of HSBC Holdings Plc shareholders have filed a resolution urging the bank to cut its support to the fossil-fuel industry...

Elliott Management Corp. has taken a 15.1% stake in Germany’s Rocket Internet SE in a potential challenge to the startup factory’s plan to delist its shares. Rocket’s founding Samwer brothers decided in September to take the company private after recent investments failed to match earlier successes such as Zalando , now one of Europe’s largest fashion retailers, and Lazada , a Southeast Asia-focused consumer electronics company...

Activist investor Engaged Capital has reached a settlement with Evolent Health Inc. that will see a new director join the board and the health-care company form a committee charged with improving investor returns. Under the terms of the agreement, Craig Barbarosh will be appointed to the board and its newly created strategy review committee...

ON Semiconductor Corporation (Nasdaq: ON ), driving energy-efficient innovations, today announced that Gregory L. Waters and Bruce E. Kiddoo were appointed to its Board of Directors...

Nasdaq’s plan to require more diversity on U.S. corporate boards has prompted debate about whether it’s gone too far, or not far enough, in its efforts to bring underrepresented groups into the boardroom...

Activist investor Elliott Management Corp. held “constructive discussions” with Public Storage in recent weeks and nominated six directors to the board, the real estate investment trust said Sunday. Elliott is seeking the board seats after buying a sizable stake in Public Storage , according to a person familiar with the matter...

Lloyd Austin, President-elect Joe Biden’s choice for defense secretary, may have to stay out of decisions on the Pentagon’s costliest weapons system, the F-35 Joint Strike Fighter, because of his ties to its engine-maker, Raytheon Technologies Corp...

(Bloomberg) -- A group of 30 asset managers overseeing a combined $9 trillion of assets said they will support efforts to limit global warming by running carbon-neutral investment portfolios by 2050 or sooner...

D.E. Shaw & Co. has built a sizable position in Exxon Mobil Corp. and is calling on the company to cut its spending to improve performance and maintain its dividend, according to people familiar with the matter. The investor on Tuesday sent a letter to Exxon arguing that changes are needed because the oil major has consistently underperformed rival Chevron Corp. , said the people, who asked not to be identified because the details are private. D.E...

Fresh from overtaking Exxon Mobil Corp. as North America’s biggest oil company, Chevron Corp. has a “simple promise” to investors: higher returns and lower carbon...

Westdale Real Estate Investment and Management has approached Apartment Investment & Management Co. with an all-cash takeover proposal, people familiar with the matter said. The unsolicited offer for Aimco is at a premium to the real estate investment trust’s market value of about $4.7 billion before the approach was revealed, the people said, asking not to be identified as the matter is private. The target has not yet responded to the proposal, which was made last week, the people said...

Boeing Co.’s board quietly separated the chairman and chief executive officer roles earlier this year, after a majority of shareholders bucked management and supported a permanent split of those positions in a nonbinding vote at the company’s annual meeting...

Amazon.com Inc. will pay the employees who pack and deliver its goods a one-time bonus of up to $300, extra compensation that comes as the company faces a union drive and criticism from others for rolling back pandemic hazard pay...

Joe Biden’s presidential transition has barely started but already banks and investment firms are anxious about two names they fear are in the running to lead the U.S. Securities and Exchange Commission. The uneasiness started late last week, when news broke that Gary Gensler -- a scourge of Wall Street when he led the Commodity Futures Trading Commission -- had been tapped to examine financial regulators for the president-elect...

SoftBank Group Corp. said four of its current directors will leave the board in an effort to increase the proportion of outside directors and improve corporate governance...

Ask companies if they want to increase board diversity, and a majority will say yes. Ask them how, and things get murkier. While greater diversity on boards is a priority among organizations, a new survey released this week finds few are willing to take actions likely to change their demographic makeup...

Ever since President Moon Jae-in came into power three years ago, South Korea has been trying to reduce its reputation for having a stockmarket dominated by family controlled conglomerates that lack accountability. Fund managers say efforts so far have failed...

Walmart Inc. must disclose some internal files related to alleged mishandling of opioid painkillers sold through the company’s in-store pharmacies, after a judge ruled in favor of investors who claim directors failed in their oversight. Two pension funds “quite clearly have a credible basis” to probe whether board members wrongfully turned a blind eye to excessively large sales of the highly addictive medicines, Delaware Chancery Judge Travis Laster ruled Monday...

Legal & General Group Plc ’s investment arm will vote against certain senior appointments at FTSE 100 and S&P 500 companies if they fail to include ethnic minorities on their board. The asset manager wants to see at least one Black, Asian or other ethnic minority on the board at major U.K. and U.S. firms by January 2022, according to the newsletter from Legal & General Investment Management...

Wrenching events like the pandemic put a business’s commitment to its values to the test, says Whole Foods Market CEO John Mackey. But his company has stuck to its focus on healthy fare and small suppliers during the crisis...

The message was resoundingly clear from top executives and professionals: If your company is having trouble finding qualified minority candidates for top roles, it’s because you’re not looking...

Exactly 50 years ago, economist Milton Friedman argued that corporate boards should focus on maximizing shareholder value and not get wrapped up in trying to achieve other objectives. The conventional wisdom in boardrooms today seems to be that Friedman was wrong. In fact, though, a lot of what he wrote was spot on...

Alecta, a Swedish pension fund with about $110 billion under management, wants to take active investing to a new level to force the companies it owns to be more ethical. Carina Silberg, who runs a newly merged corporate governance and sustainability unit at Alecta, says her team is bringing in reams of data to figure out exactly what portfolio companies are doing when it comes to environmental, social and governance standards...

Norway’s $1.2 trillion wealth fund will publish all voting intentions ahead of shareholder meetings from 2021, which is at least one year earlier than previously indicated...