A UK-based NGO promoting responsible investment by pension funds and other institutional investors has given a poor report card on some of the largest asset managers in the UK in relation to ‘walking the talk’ on stewardship.
The Australian Charities and Not-for-profits Commission (ACNC) has released its template constitution for a charitable company limited by guarantee. The template is designed for a small organisation with a straightforward membership, with the ACNC noting that larger, more complex companies will have different requirements.
The Australian Council of Superannuation Investors (ACSI), representing a number of superannuation funds owning approximately 10 per cent of ASX200 companies, aims to have women comprising 30 per cent of the boards of those companies within the next three years.
ASX has revised its Guidance Note on trading policies, with the emphasis in the new version on preventing the perception of insider trading as well as reducing the occurrence of such trading. ASX has noted that a perception of insider trading can give rise to reputational damage.