Governance and stewardship news

Stay informed with the latest governance and stewardship insights from Minerva. Explore expert commentary, regulatory updates, and best practices to strengthen decision-making, improve data quality, and maximise value for your organisation.

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AGM, Proxy Season

Minerva Proxy Update

12 June 2026

From failed pay votes to rejected blank-cheque powers, this week’s results show shareholders are still willing to push back where trust in the board is thin.
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Follow This challenges Shell days before key vote

15 May 2026

Follow This has issued a public letter, urging investors to support Resolution 23, which asks Shell’s board to explain how resilient its strategy would be in a scenario where the market for oil and gas contracts, rather than merely cycling through price volatility.
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SRD III is Europe’s chance to fix proxy plumbing

15 May 2026

Minerva’s evidence shows that Europe continues to underperform on shareholder participation despite SRD II being fully in force.
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SEC Steps Closer to Unwinding Climate Disclosure Rules

13 May 2026

The SEC’s move to unwind its climate disclosure rules may look like deregulation, but for companies and investors it risks replacing one contested standard with a longer period of uncertainty.
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Minerva Proxy Update

8 May 2026

This week’s key votes highlights that governance frameworks are as important as the substance of proposals themselves, with voting outcomes impacted by supermajority voting thresholds, no-action exclusions and major shareholders.
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EU Parliament signals more enforceable path for SFDR 2.0

7 May 2026

The Parliament is pushing for a tougher SFDR labelling regime, sharpening the divide between labelled and unlabelled products, demanding clearer engagement strategies, and setting higher thresholds than the Commission’s original proposal.
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Minerva Proxy Update

2 May 2026

Investors are shifting from supporting transactions to directly challenging boards, using pay votes and director opposition to enforce accountability as formal shareholder channels narrow.
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From Stewardship Silos to Systems Thinking

1 May 2026

System-level investing is pushing stewardship beyond company-level engagement towards safeguarding the health of the economic systems on which all portfolio returns ultimately depend.
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US state attorneys general escalate ESG pressure on credit ratings agencies

30 April 2026

State-level political pressure is increasingly poised to shape the boundaries of “acceptable” financial risk analysis in the US, with direct implications for the consistency and independence of credit ratings.
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Trump’s Anti DEI Order Heads to Court as Investors Hold the Line

30 April 2026

US political and legal pressure on DEI is creating a growing disconnect with investor expectations, forcing boards to navigate conflicting risks between regulatory exposure and shareholder governance norms.
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Stewardship after the 2026 Code: Clarity on purpose, friction in practice

29 April 2026

An early snapshot of how investors are responding to the 2026 UK Stewardship Code is beginning to emerge just as another proxy season gets under way.
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AGM

BP’s AGM votes: governance opacity, not just protest

24 April 2026

BP’s 2026 AGM should be understood first as the consequence of a mishandled governance issue, and only second as a response to activist campaigning.
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AGM, Shareholer Proposals, Proxy Season

Minerva Proxy Update

24 April 2026

This proxy update highlights key voting outcomes from the past few weeks of the 2026 proxy season and assesses key developments for the week ahead.
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Shell

Shell Faces Renewed Legal Pressure Over Future Oil and Gas Investment

23 April 2026

Climate litigation is moving upstream into corporate strategy, raising the prospect that courts could directly constrain future fossil fuel investment and redefine board accountability for capital allocation decisions.
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fiduciary squeeze

The fiduciary squeeze is timed for when trustees can’t look up

23 April 2026

A cluster of interventions on sustainability-linked stewardship landed in the three weeks when trustees have the least capacity.
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From Pensions to Power: ERISA, Stewardship and a Transatlantic Clash over Capitalism

20 April 2026

The US Department of Labor has quietly opened a new front in the long‑running campaign against proxy advice and stewardship.
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Texas Climate Investing Blacklist Stays on Ice

17 April 2026

A Texas federal judge has refused to let the state revive its anti-ESG investment law while its Fifth Circuit appeal plays out.
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