Board Oversight of ESG: Beyond Disclosure
By EsqSocial Corporation 03/05/21
While pressure from institutional investors, such as BlackRock, Vanguard, and State Street, has contributed to increased focus and urgency on environmental, social, and governance (ESG) matters, so has pressure from environmental groups, employees, customers, and other corporate “stakeholders.” State Street has announced that it will start voting against the boards of companies that underperform their peers when it comes to ESG standards. See, CEO’s Letter on Our 2021 Proxy Voting Agenda...
By: Kelley Drye & Warren LLP