(The Business Journals) Rainbow logos abound in June to honor Pride Month, but recently released data indicate LGBTQ+ employees are less satisfied at work than their colleagues.
(CNBC) Last June, social media feeds became flooded with corporate statements about how companies would promote racial equity within and beyond their workforce. The commitments came after the police murder of George Floyd sparked protests around the country.
(Bloomberg) The SEC announced the removal of Public Company Accounting Oversight Board Chairman William Duhnke.
(New York Times) Since the 1990s, the wisest oil-producing countries and companies have regularly reminded themselves of the oil patch adage that the Stone Age did not end because we ran out of stones; it ended because we invented bronze tools.
(Bloomberg) Exxon Mobil Corp.’s recent board of directors shakeup is by most accounts a clear signal to corporate America that ambivalence and greenwashing will no longer be enough when it comes to addressing the climate crisis.
(Bloomberg) MPower Partners Fund will focus on investing in growth- to late-stage Japanese startups, with the rest going into earlier-stage firms overseas in areas like healthcare, fintech and sustainability.
(The New York Times) Under current rules, it is the index fund executives, not the millions of people who invest in them, who have the power to cast proxy votes. Those votes are the heart of a system intended to give investors a voice on crucial matters like how much the chief executive is paid…
(Financial Times) Facing pressure from investors and activists, Deutsche Bank for the first time broke down its targets across its businesses. The investment bank will have to account for €105bn of the green business; the private bank will be required to contribute €86bn and the corporate bank €30bn.
(RFK Human Rights) Data on companies’ social metrics may still be incomplete, but that shouldn’t prevent investors from screening businesses for labor and human rights violations. The key is to not let the perfect be the enemy of the good.
(Forbes) I am certainly no soothsayer, but I see trouble on the way for ExxonMobil’s board and management. Ladies and gentlemen, I hope you got your things together since there’s a bad moon on the rise.