Insights for Institutional Investors I Minerva Blog

South Korea expands reach of ESG disclosure rules

16 July 2026

ESG disclosure will extend from a narrow group of large issuers into the core reporting obligations of a significant share of Korea’s listed market.

TXSE launches amid looming threats to shareholder rights

16 July 2026

TXSE’s launch may look like a modest market debut, but it could mark a more significant shift in how companies balance management power and shareholder rights.

US federal judge blocks anti-DEI grant conditions in California and Oregon

Anti-DEI Grant Criteria Blocked by US Judge

14 July 2026

A US court has blocked anti-DEI conditions on federal grants in California and Oregon, marking a further legal setback for the Trump administration.

US SEC Postpones Shareholder Proposal Process Review

10 July 2026

The SEC’s decision to delay reforms to the shareholder proposal regime reduces immediate disruption but fails to assuage concerns over potential retreat from Rule 14a-8.

Minerva proxy update: AGM season slows as focus turns to Australia

10 July 2026

As the main proxy season slows, shareholder dissent remains visible across pay, board accountability and voting rights, while attention begins to shift to Australia’s upcoming AGM season and a fresh round of climate-focused proposals.

Musk Twitter Lawsuit: Court Refusal to Void Verdict Reinforces Liability for Executive Communications

9 July 2026

A single executive post can now carry the weight of formal disclosure, after a US court upheld liability in the Elon Musk Twitter lawsuit over market-moving tweets during the Twitter acquisition.

European Sustainability Reporting Standards (ESRS)

EU Finalises Revised ESRS: Less Data, Fewer Companies, Higher Judgement for Investors

8 July 2026

The EU’s sustainability reporting reset promises simpler disclosures for companies, but investors may find the real cost is less comparable data, thinner coverage and a heavier reliance on their own judgement.

DOL finalises 401(k) ESG rule threatening shareholder rights

7 July 2026

The Department of Labor's proposed 401(k) rule could change how fiduciaries consider ESG risks, vote on shareholder resolutions, and fulfil their duties under ERISA.

Minerva proxy update: Governance Reforms, Vote No Campaigns and AGM Results

3 July 2026

Analysis of 2026 proxy voting trends, governance reforms, shareholder activism and Vote No campaigns across the US, UK and Japan.

Indiana injunction marks third court setback for proxy advisor restrictions

1 July 2026

A third US court has blocked state restrictions on proxy advice, sharpening the legal line between investor disclosure and selective pressure on dissenting analysis.

International Financial Reporting Standards (IFRS)

ISSB sets direction for TNFD-aligned reporting

30 June 2026

The ISSB’s latest decisions make clear that nature reporting is moving from voluntary ambition to practical expectation, with TNFD alignment set to shape how companies deliver IFRS S1 disclosures.

2026 UK Proxy Season: targeted shareholder dissent yields boardroom fallouts

26 June 2026

A FTSE chair removed within days of AGM, and an activist caused the entire board to be replaced.

Minerva Proxy Update

26 June 2026

Shareholder dissent intensified across this week’s AGM results, with investors challenging pay, board accountability and governance structures at several high-profile companies.

SEC plans to dismantle shareholder governance infrastructure

25 June 2026

A potential repeal of Rule 14a-8 would turn the SEC’s retreat from shareholder proposal oversight into a structural test of whether US investors still have a reliable route to raise governance concerns at companies.

SFDR reset progresses, but credibility gaps remain

24 June 2026

As the European Union edges closer to Sustainable Finance Disclosure Regulation (SFDR) 2.0, the central question is whether simpler labels can restore investor trust without weakening the safeguards that make them credible.

China’s 80% ESG rule forces a reset for public funds

23 June 2026

China’s new 80% ESG threshold marks a decisive shift from sustainability branding to measurable portfolio accountability.

Governance and stewardship news

Minerva Maintains UK Stewardship Code Signatory