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LAPFF’s mission

To protect the long-term investment interests of beneficiaries by promoting the highest standards of corporate governance and corporate responsibility amongst investee companies.

 

LAPFF’s ESG Policies

Click here to read the Forum’s environmental, social and corporate governance policy positions.

 

 

In the News Archive

2013

2012

2011

2010

2009

2008 and Older

 

 

2013

 

LAPFF joins investors in demand for an independent chairman at 21st Century Fox

The Telegraph, 9 October 2013

 

Two new local authority pension funds join LAPFF

Professional Pensions, 4 October 2013

 

LAPFF joins investors to renew push for mandatory audit rotation

Professional Pensions, 18 September 2013

Professional Pensions, 16 October 2013

Economia, 21 October 2013

 

LAPFF joins investors to press US and Canada on tax disclosure by extractive companies

aiCIO, 28 August 2013

 

LAPFF maintains pressure on excessive executive pay

Professional Pensions, 19 July 2013

 

LAPFF in carbon dialog with Rio Tinto

Responsible Investor, 9 July 2013

 

LAPFF backs Marks & Spencer's board

Scotsman, 9 July 2013

GMA News, 4 July 2013

The Telegraph, 9 July 2013

The Herald  Scotland, 10 July 2013

Euronews, 4 July 2013

 

LAPFF called for a review of accounting standards

Compliance Week, 31 July 2013

The Telegraph, 21 July 2013

The Telegraph, 19 June 2013

Capital.fr, 21 June 2013

IT Business Net, 21 June 2013

Bloomberg, 19 June 2013

Reuters, 21 June 2013

Professional Pensions, 19 June 2013

The Guardian, 19 June 2013

The News, 23 June 2013

Economia, 21 June 2013

Global Post, 21 June 2013

Business Report, 21 June 2013

HITC Business, 20 June 2013

The Washington Post, 20 June 2013

The Times, 25 June 2013

Professional Pensions, 3 October 2013


Investing in the tobacco industry

Wirral Globe, 21 June 2013

 

LAPFF opposes remuneration at WPP

Wall Street Journal, 12 June 2013

Proactive Investor, 7 June 2013

Financial News, 7 June 2013

Pension Funds Online, 7 June 2013

The Telegraph, 6 June 2013

The Daily Mail, 6 June 2013

London Evening Standard, 6 June 2013

The Guardian, 6 June 2013

The Independent, 13 June 2013

 

Investing for Growth Report

Financial News, 6 June 2013

Professional Pensions, 29 May 2013

 

LAPFF backs JP Morgan Chair/CEO separation

Pension Funds Online, 16 May 2013

Financial News, 16 May 2013

 

LAPFF questions RBS' accounts

The Times, 10 May 2013

Financial News, 15 May 2013

Bloomberg, 9 Mary 2013

The Scotsman, 15 May 2013

 

LAPFF fostering shareholder engagement

The Irish Times, 14 May 2013

 

LAPFF concerned about labour standards at National Express

EIN News, 9 May 2013

PR Newswire, 9 May 2013

Truck News, 9 May 2013


LAPFF demands independent Chairman at News Corp

BoinBoing, 9 May 2013

Professional Pensions, 9 May 2013

The Guardian, 8 May 2013

 

LAPFF opposes remuneration at Aviva and BAE

The Guardian, 2 May 2013

Daily Mail, 2 May 2013

The Independent, 3 May 2013

The Times, 3 May 2013

Professional Pensions, 3 May 2013

 

LAPFF opposes Barclays accounts

Liverpool Daily Post, 22 April 2013

The Independent, 21 April 2013

Professional Pensions, 19 April 2013

The Wall Street Journal, 19 April 2013

The Guardian, 19 April 2013

London Evening Standard, 19 April 2013

4-Traders, 19 April 2013

Fox Business, 19 April 2013

Bloomberg, 19 April 2013

 

Concerns about employment policy at National Express

Financial News, 18. April 2013

The Independent, 18. April 2013

 

LAPFF opposes AstraZeneca's pay policy

The Telegraph, 20 April 2013

City A.M., 16 April 2013

The Telegraph, 16 April 2013

Bloomberg, 16 April 2013

The Independent, 15 April 2013

The Financial Times, 15 April 2013

Reuters, 15 April 2013

London Evening Standard, 15 April 2013

Professional Pensions, 15 April 2013

Investment & Pensions Europe, 15 April 2013

Financial News, 16 April 2013

 

New funds joining LAPFF

Investment & Pensions Europe, 4 April 2013

The Sentinel, 4 April 2013

Local Government UK, 2 April 2013

Professional Pensions, 2 April 2013

 

Investor Forum

Professional Pensions, 2 April 2013

 

LAPFF expectations for executive pay document

Lexology, 22 April 2013

Professional Pensions, 2 April 2013

The Economic Times, 30 March 2013

Responsible Investor, 28 March 2013

Financial News, 28 March 2013

Investment & Pensions Europe, 28 March 2013

Bloomberg, 27 March 2013

The Independent, 27 March 2013

Business Week, 27 March 2013

 

Companies engage with shareholders

Financial news, 2 April 2013

 

Mandatory auditor rotation

Responsible-Investor.com, 25 February 2013 (log-in required)

 

Pension funds & infrastructure investing

Guardian, 31 January 2013

 

People & Investment Value: Zappos case study

Responsible-Investor, 30 January 2013 (log-in required)

 

Cllr Kieran Quinn appointed as LAPFF Chair

Investment & Pensions Europe, 25 January 2013

Professional Pensions, 24 January 2013

 

Investor concern over flaring of natural gas

CSR Wire, 1 March 2013

CSR Wire, 10 January 2013

 

Australian pension fund sells News Corp shares

Sydney Morning Herald, 10 January 2013

 

EU review of accounting rules

CityAM, 3 January 2013

 

 

2012

 

Investors call for inquiry into accounting standards

Financial Times Letter to Editor, 18 December 2012

 

People & Investment Value report launched by LAPFF

Independent, 29 November 2012

Employee Benefits, 30 November 2012

 

IFRS under scrutiny by investors

Responsible-Investor.com, 30 November 2012

Financial News, 23 November 2012

IPE, 26 November 2012

 

Influence of US accounting rules in Europe

Financial Times Editorial, 22 November 2012

 

'Aiming for A' Improving carbon reporting at UK companies

Financial Times, 22 October 2012

 

Support grows for independent Chair at News Corp

Brisbane Times, 10 January 2013

Sydney Morning Herald, 4 October 2012

The Independent, 4 October 2012

Guardian, 3 October 2012

 

Local investment by pension funds

Professional Pensions, 25 September 2012


Tougher audit regulation requested by investors

AI Chief Investment Officer, 20 Sept 2012

 

Investors engage on forest disclosure

Environmental Finance, Sept 2012

 

News Corp letter from Class A Shareholders

The Telegraph, 7 Aug 2012

The Independent, 20 July 2012

Guardian, 19 July 2012

International Business Times, 18 July 2012

The Telegraph, 18 July 2012 and 19 July 2012

BBC News, 18 July 2012

Daily Mail Online, 18 July 2012

Newstrack India, 18 July 2012

Responsible-Investor.com, 18 July 2012 (login required)

 

Barclays LIBOR rate fixing, executive pay & bonuses

Guardian, 3 July 2012

Scotsman, 30 June 2012

Financial Times, 29 June 2012

ITV News, 29 June 2012

Sky News, 29 June 2012

Financial News, 29 June 2012

 

LAPFF asks House of Lords to investigate legality of IFRS

Financial News, 2 July 2012

Financial News, 26 June 2012

 

Governance at News Corp

The Telegraph, 1 May 2012

MSNBC, 1 May 2012

The Telegraph, 24 April 2012

 

Barclay's executive pay

Belfast Telegraph, 27 April 2012

The Independent, 23 April 2012

Bloomberg, 22 April 2012

 

Banks overstating assets due to IFRS accounting

Responsible Investor, 19 April 2012

 

Improving boardroom diversity, 30% Club

aiCIO, 24 February 2012

IPE, 24 February 2012

Responsible Investor, 24 February 2012

 

Losses of Irish banks and IFRS accounting

Irish Times, 6 February 2012

 

 

2011

We won't achieve financial stability under IFRS

Steve Baker MP blog, 01 January 2012

Banks face long path out of the woods

Financial Times, 06 December 2011

MP warns investors about News Corp. computer hacking allegations

Responsible Investor, 02 December 2011

‘ACCOUNTING ERROR' LED TO BANKS CRISIS

Express, 01 December 2011

Schemes call for review of accounting standards that ‘caused’ banking crash

Professional Pensions, 01 December 2011

LAPFF blasts banks, regulators and accountants

Financial News, 01 December 2011

 

Flawed Rules Added to Bank Losses in Crisis, Pension Group Says

Bloomberg, 01 December 2011

Investor group calls for overhaul of 'deficiencies' in accounting rules

The Telegraph, 01 December 2011

 

Big investors lose confidence in James Murdoch as BSkyB chief

The Independent, 28 November 2011

California pension giant votes against entire BSkyB board

Responsible Investor, 24 November 2011

Exclusive: Pension fund chief calls for BSkyB chairman to step down

LocalGov, 24 November 2011

Meet the most popular man at BSkyB

Financial News, 11 November 2011

LAPFF opposes James Murdoch’s re-election as BSkyB chairman

Responsible Investor, 11 November 2011

Pension Fund Opposes James Murdoch Re-election At BSkyB

Wall Street Journal, 11 November 2011

UK activists say BSkyB investors should oust Murdoch

Reuters, 11 November 2011

News Corp shareholders urge Rupert Murdoch to heed 'unprecedented investor dissent'

The Telegraph, 26 October 2011

 

Pension fund: Murdoch must heed News Corp vote

Evening Standard, 25 October 2011

 

News Corp. Investors Lodge Murdoch Protest Vote

Bloomberg, 25 October 2011

 

Dutch pension giants vote against Murdochs as CalPERS hails “winds of change”

Responsible Investor, 25 October 2011

 

LAPFF calls for ‘genuinely independent’ News Corp board

Professional Pensions, 25 October 2011

 

2011 Global Investor Statement on Climate Change

Investor Network on Climate Risk, 24 October 2011

 

Investors pile on pressure against Murdoch

Rapid TV News, 11 October 2011

 

Private Pension: Council Pension Group To Vote Murdoch Out

Pension Calculator, 8 October 2011

 

News Corp investors call for James Murdoch's head

The Independent, 7 October 2011

 

£100bn UK pension fund group opposes Murdochs at News Corp AGM

Responsible Investor, 7 October 2011

 

James Murdoch Must Leave News Corp. Board, Pension Body Says

Bloomberg, 6 October 2011

 

UK activists call for board shake-up at News Corp

Money Control, 6 October 2011

 

Vote Murdochs out, council pensions group tells News Corporation investors

The Guardian, 6 October 2011

 

News Corp faces calls for governance overhaul

CFO World, 6 October 2011

 

LAPFF rallies members to oppose Murdoch's re-election at News Corp

Professional Pensions, 6 October 2011

 

Pension funds target News Corp

Business Insider, 6 October 2011

 

$202bn investor group challenges US firms over trade group membership

Responsible Investor, 27 May 2011

Pay attention to risks in Sudan, investors warn

Investment & Pensions Europe, 24 May 2011

 

Investors and advisers at odds in SEC probe of compensation committees

Responsible Investor, 19 May 2011

Merseyside Pension fund targets “fat cat” executive pay

Liverpool Daily Post, 22 April 2011

 

Largest Open Pit Mine in North America Cause for Investor Concerns - Investors Representing $170 Billion Urge EPA to Safeguard Alaska's Bristol Bay

O Six Media, 12th April 2011

 

$546bn investor group backs US Environmental Protection Agency on greenhouse gases

Responsible Investor, 1st April 2011

 

LAPFF issues climate change guide for trustees

Responsible Investor, 25th January 2011

The 50 most influential people in pensionsPensions Insight, 4th January 2011

2010

Stock exchanges are not promoting governance issues

Professional Pensions, 9th December 2010

Trustees must challenge fund managers on stewardship – Lord Myners

Professional Pensions, 9th December 2010

Former Cadbury chairman defends takeover price

Professional Pensions, 9th December 2010

Pension funds eye vocal investor role

The Telegraph, 21st October 2010

Funds back FRC Stewardship Code

Professional Pensions, 24th September 2010

Fund support for UK Stewardship Code

Engaged Investor, 23rd September 2010

Pension funds declare support for FRC’s Stewardship Code

Responsible Investor, 23rd September 2010

Pension funds back FRC code

City A.M., 23rd September 2010

UK financial trade associations launch securities lending guide

Global Fund Wire, 13th September 2010

UK trade associations guide trustees on securities lending

Professional Pensions, 13th September, 2010

NAPF reacts to TUC report on boardroom pensions

IFA Bonus, 9th September 2010

Vedanta rapped by UK body over environmental, social and governance issues

AndhraNews.net, 30th August 2010

Vedanta Should Abide By International Development Pact

ADVFN India, 30th August 2010

Unions set to drop final salary pledge

LocalGov.co.uk, 12th August 2010

UK pension funds slam Vedanta on ESG issues as share price tanks

Responsible Investor, 29th August 2010

Investors urge oil spill action plans

Financial Times, 5th August 2010

FRC avoids blanket ban on auditors

Financial Times, 23rd July 2010

No more plot twists in the M&S soap opera, let's have a happy ending

The Telegraph, 14th July 2010

Move to scrutinise directors' ension benefits

Pensions Week, 21st June 2010

UK: stewardship elusive as pension funds buck governance code

Responsible Investor, 21st June 2010

Investors Want Greater Transparency On Boardroom Pensions

Sourcews, 15th June 2010

Investors seek transparency over pensions

Glance- Press Digest, 15th June 2010

Investor group urges transparency on exec remuneration

Global Pensions, 15 June 2010

UK pension funds call for clarity on senior FTSE350 pensions

Investment & Pensions Europe, 15th June 2010

Buzz alone won't get investors singing Cowdery's tune

Financial Times, 14th June 2010

Investors seek transparency over pensions

Financial Times, 14th June 2010

Old problem for investors

Financial Times, Lombard column, 14th June 2010

UK’s divisive annual director elections proposal gets OK

Responsible Investor, 28th May 2010

Ethical Investment must not be top trustee priority

Professional Pensions, 27th May 2010

Notts Pension Fund linked to tar sands extraction

Indymedia, 8th May 2010

Notts County Council Pension Fund invests in BP

Indymedia, 6th May 2010

UK pension funds and managers seriously split on annual corporate board elections

Responsible Investor, 5th May 2010

Local scheme, national scrutiny

Pension Insight, 29th April 2010

Fund backs oil giant over controversial extraction

LocalGov.co.uk, 20th April 2010

Council risks wrath of green campaigners

Hounslow Chronicle, 16th April 2010

BP delays tar sands project

Global Pensions, 15th April 2010

Oil sands campaign targets ConocoPhillips and ExxonMobil ahead of today’s BP showdown

Responsible Investor, 14th April, 2010

Tar sands controversy set to dominate BP AGM

Global Pensions, 14th April 2010

Red letter week as investors face down BP and UBS

Responsible Investor, 12th April 2010

US and Australian funds join BP rebellion on oil sands

The Telegraph, 9th April 2010

Work Foundation works away from Lib Dems

The Telegraph, 7th April 2010

APG may vote against BP, Shell on tar sands

Responsible Investor, 6th April 2010

Investors in BP tar sands protest

Gulfnews, 5th April 2010

Press Digest - British Business

FinanzNachrichten.de, 4th April 2010

Shareholders at loggerheads over vote on BP's tar sands development

The Observer, 4th April 2010

LAPFF calls for audit reform
Professional Pensions, 1st April 2010

The shareholder resolution spat over BP’s controversial tar sands plans Responsible Investor, 1st April 2010

Ealing and Enfield join LAPFF
Professional Pensions, 1st April 2010

PRESS DIGEST - Financial Times

Reuters, 30th March 2010

BP tar sands resolution campaign hit as UK pension funds back company management

Responsible Investor, 30th March 2010

BP Investor Group Opposes Resolution Targeting Oil Sands

ADVFN, 31s1 March 2010

BP wins support against oil sands move
Financial Times, 31st March 2010

United in defence of public sector funds

Pensions Management, 30th March 2010

 

UK local authority funds to quiz FTSE350 companies on pay

Responsible Investor, 29th March, 2010

 

RI round up

Responsible Investor, 26th March 2010

 

Ealing and Enfield join LAPFF

Professional Pensions, 22nd March 2010

 

LAPFF calls for tighter audit rules

Local Government Chronicle, 19th March 2010

 

Associations Offer Securities Lending Education to U.K. Pension Trustees PlanSponsor, 13th September 2010

 

 

2009

East Riding becomes 50th LAPFF member

Professional Pensions, 20th November 2009

 

UK fund managers cite lack of client demand as green investing barrier
Responsible Investor, 12th October 2009
Asset managers in the UK recognise the risks and opportunities of climate change but say action is hindered by the low price of carbon and a lack of demand from their institutional clients, according to a new survey.

Pension group raises pressure on M&S

Financial Times, 12th September 2009

The Local Authority Pension Fund Forum is preparing to renew its opposition to corporate governance at Marks & Spencer, as the retailer begins its search for a new chief executive.

 

Rap across knuckle for all-powerful Rose

Daily Express, 9th July 2009

Angry investors in Marks & Spencer gave the iconic high street retailer a rap on the knuckles yesterday over plans to keep its controversial management regime in place for up to two years.

 

M&S bruised by vote on succession plan

The Independent, 9th July 2009

Marks & Spencer suffered one of the biggest shareholder rebellions in its 125- year history yesterday after hordes of investors voted against its succession plan and the re-election of the executive chairman Sir Stuart Rose at the annual meeting in London.

 

Sir Stuart Rose's dual role leads to damaging revolt from M&S shareholders

Daily Mail, 8th July 2009

Shareholders gave Marks & Spencer executive chairman Stuart Rose’s succession plans a roasting at a packed and lively annual meeting in the Royal Festival Hall in London.

 

Rose embarrassed by angry investors at Marks & Spencer's annual meeting

The Guardian, 8th July 2009

Investors sent a clear message to Marks & Spencer executive chairman Sir Stuart Rose today that they want big changes in the way the retailer's boardroom is run.

 

Sir Stuart Rose bloodied but unbowed at M&S

The Times, 8th July 2009

Sir Stuart Rose survived one of the biggest tests of his tenure as head of Marks & Spencer this afternoon.

 

M&S Survives Calls To Appoint New Chairman Next Year

Dow Jones, 8th July 2009

U.K. retailer Marks & Spencer Group PLC Wednesday survived calls by some shareholder groups to appoint a new independent chairman a year earlier than planned, giving embattled Chairman and Chief Executive Stuart Rose some breathing space and time for succession planning.

 

Marks & Spencer Wins Vote vs Rebel Shareholders

CNBC, 8th July 2009

British retailer Marks & Spencer survived a big shareholder rebellion over its management succession plan on Wednesday, a 38 percent of investors called on it to appoint an independent chairman by next July.

 

M&S chief defiant amid investor revolt

Financial Times, 9th July 2009

Marks and Spencer suffered an investor revolt at its annual meeting on Wednesday with a strong shareholder vote in favour of a resolution calling on Sir Stuart Rose to stand down early as chairman.

 

Marks and Spencer

Financial Times, Lex, 8th July 2009

The investor disquiet at Marks & Spencer has been distorted into an argument over whether shareholders are for or against Sir Stuart Rose. Yet it has always been about sound governance.

 

Rose braces for AGM showdown

Financial Times, 7th July 2009

Sir Stuart Rose, executive chairman of Marks & Spencer, on Tuesday dismissed a looming showdown with shareholders at the high street chain’s annual meeting on Wednesday as “just a re-run” of past issues.

 

Rose under pressure over dual role at icon M&S

The Scotsman, 6th July 2009

MARKS & Spencer's shareholders will have their annual chance to grill executive chairman Sir Stuart Rose about the style of dresses it sells – but Wednesday's annual meeting could also force changes on the retailer's board.

 

Marks and Spencer defies City revolt over Stuart Rose power check

The Times, 5th July 2009

Marks & Spencer is headed for a bloody battle with investors on Wednesday after it emerged that the high-street bellwether plans to ignore a big protest vote demanding the appointment of an independent chairman by July 2010 to check the power of boss Sir Stuart Rose.

 

Forum calls for independent M&S chair but backs Rose

The Herald, 29th June

An influential umbrella group for local authority pension schemes yesterday said its attempt to seek the separation of chief executive and chairman roles at Marks & Spencer, which is currently headed by executive chairman Sir Stuart Rose, is a "safety valve" for disgruntled investors.

 

Rose facing City revolt over dual role

The Scotsman, 28th June

The row over the future of Marks & Spencer boss Sir Stuart Rose will intensify this week as one of its largest shareholders steps up its campaign to split the role of chairman and chief executive. Sources close to the Local Authority Pension Fund Forum (LAPFF), whose members have combined assets of more than £95 billion, say its chairman Ian Greenwood will tomorrow try to outflank M&S's board. He is expected to issue a public statement distancing the LAPFF from Rose and reiterating his call for an independent chair to be in place by July next year.

 

Marks & Spencer board woes deepen

Daily Telegraph, 24th June

Marks & Spencer's boardroom woes have deepened, with corporate governance bodies coming out in support of a resolution to split Sir Stuart Rose's joint role as chairman and chief executive.

 

M&S boss under pressure to quit as chairman

The Guardian, 24th June

The pressure on Marks & Spencer boss Sir Stuart Rose increased today when another shareholder advisory group threw its weight behind a proposal to force Rose to vacate the chairman's seat. Pensions and Investment Research Consultants is backing a resolution to be put before the annual meeting next month calling on the retailer to appoint an independent chairman within 12 months.

 

Passives fail to vote ESG

Pensions Week, 8th June

Most passive equity managers fail to vote regularly on their assets, according to the Local Authority Pension Fund Forum.

 

LAPFF report reveals failings in passive fund governance

Professional Pensions, 28th May

A significant proportion of equity holdings managed within passive funds are not subject to high levels of environmental, social and governance risk management, an audit reveals.

 

Bradford bruiser

Financial Times, 12th May

Rolling up his sleeves for a tussle this annual meeting season is Ian Greenwood, chairman of the Local Authority Pension Fund Forum. Acting for 46 local authority pension schemes with total assets of about £75bn, the LAPFF has pulled on the gloves against Terry Smith, calling on members to oppose the remuneration report at his Tullett Prebon.

 

Calls to oust KBC director amid row over pay

The Times, 27th April

Council pension funds with £75 billion of investment firepower are being urged to oust a director of KBC bank this week as part of a wider campaign to shame companies seen to operate poor boardroom standards. KBC, the large Belgian bank that owns Peel Hunt, the broker, has refused to divulge many pay details of its executives and declines to put a ceiling on bonuses or reveal performance hurdles.

 

LAPFF has T. Rowe in its sights

Professional Pensions, 6th April

The Local Authority Pension Fund Forum has called on its members to oppose the remuneration report of US-based asset manager T. Rowe Price.

 

LAPFF calls for audit reform
Professional Pensions, 1st April 2010

Ealing and Enfield join LAPFF
Professional Pensions, 1st April 2010

M&S's Rose Faces New Shareholder Vote on Dual Role
New York Times 30th March
Marks & Spencer boss Stuart Rose faces a new shareholder vote on his controversial dual management role after an investor filed a resolution to the firm's annual general meeting calling on him to share power.

Stuart Rose must quit as M&S chair next year, says investor group

The Guardian 30th March

A group of Marks & Spencer shareholders will today call on Sir Stuart Rose to give up his controversial executive chairman role a year early, and is to lobby the company's other investors to support the move.

 

M&S faces call for independent chairman from local authority pension funds

Daily Telegraph, 30th March

Local authority pension funds have called on Marks & Spencer to appoint an independent chairman but given the troubled retailer 15 months to do so.

 

M&S investor pushes for independent chairman

Financial Times March 30th 2009

Marks and Spencer shareholders would have the chance to vote on whether an independent chairman should be appointed by July next year under a resolution proposed by the Local Authority Pension Fund Forum yesterday.

 

Remuneration and non-financials
Responsible Investor, 6th March 2009
The UK Local Authority Pension Fund Forum (LAPFF) is urging companies to link pay under long-term incentive plans to the achievement of both financial and non-financial performance targets.

 

LAPFF to team up with US investors on climate change

Professional Pensions, 18th February 2009

THE Local Authority Pension Fund Forum is set to team up with US investors to push for greater disclosure from major US companies on climate change.

 

 

2008 and Older

Quality of activism under scrutiny

Renewed protests against Sir Stuart Rose's dual role at Marks & Spencer

Daily Telegraph, 25th July 2008

Marks & Spencer's decision to appoint Sir Stuart Rose as executive chairman and chief executive has come under fire from the Local Authority Pension Fund Forum.

 

M&S investors prepare a fresh challenge to Rose's role

The Guardian, Friday 25 July 2008

Sir Stuart Rose will face a fresh challenge to his position as executive chairman of Marks & Spencer after enduring one of the biggest investor rebellions in recent years this month.

 

LAPFF joins INCR to boost climate change role

Professional Pensions, 25th November 2008

THE Local Authority Pension Fund Forum has become a member of the Investor Network on Climate Risk.

 

 

Criticism grows of M&S's plan for Rose promotion

The Independent 14 April 2008

The Local Authority Pension Fund Forum has added its name to the growing list of critics of Marks & Spencer's plan to promote its chief executive Sir Stuart Rose to the post of executive chairman.

 

Pension funds criticise Rose's promotion

Financial Times 15 April 2008

Marks & Spencer faced fresh shareholder criticism from local authorities on Monday even as a new blue-chip buyer emerged as a top-five shareholder.

 

LAPFF appoints Greenwood to replace Pulk as chairman

Professional Pensions 6 February 2008

Bradford City Council leader Ian Greenwood has been appointed chairman of the Local Authority Pension Fund Forum following its annual general meeting.

 

LAPFF warns over M&A

Global Pensions 29 November 2007

UK - Pension funds have been encouraged to engage with companies over merger and acquisition activity by the Local Authority Pension Fund Forum (LAPFF).

 

Local authority pension funds sign up to UN principles of responsible investment

Thomson Investment Management News 22nd October 2007

The Local Authority Pension Fund Forum (LAPFF), whose members have assets of £85 billion, said it has signed the UN principles of responsible investment.

 

LAPFF exposes audit flaws

Global Pensions 13th August 2007

UK - A quarter of the UK's larger companies do not provide proper reports to shareholders on audit practices, according to the Local Authority Pension Fund Forum (LAPFF).

 

LAPFF urges ISC to recommend full public voting disclosure

Professional Pensions, 26 June 2007

THE Local Authority Pension Fund Forum has urged the Institutional Shareholders Committee to recommend fund managers to publicly disclose comprehensive data on how they exercise voting rights.

 

LAPFF tackle climate change

Global Pensions, 9 July 2007

UK Local authority pension funds have urged the government to adopt more rigorous targets than those set out in the draft Climate Change Bill.

 

BP investors poised to oppose pay proposal

FT, 26 March 2007

Some shareholders in BP are threatening to vote against the oil company's executive pay proposals in protest at the size of Lord Browne's remuneration package when he leaves in July.

 

BP under pressure to link pay deals of executives to safety performance

Guardian, 26 March 2007

BP faces a showdown with its shareholders over the pay packet of the out-going chief executive, Lord Browne, and the failure of the oil company to link its directors' pay to health and safety issues.

 

Pension funds want BP to link pay to safety

The Telegraph, 26 March 2007

A group of pension funds is to vote against the remuneration report at BP's annual meeting next month because they say the company will not link executive pay to improving its safety record.

 

Forum Guide to Chinese Labour Standards

Jonathan Stapleton in Professional Pensions, 12 March 2007

The Local Authority Pension Fund Forum has released a guide on assessing investment manager engagement with companies over labour standards in China.

 

Chinese investors to benefit from LAPFF guidance

Pensions Week, 12 March 2007

Pension funds investing in Chinese companies can monitor their fund managers’ engagement with company labour standards, following the publication of public sector guidance.

 

Pension fund group asks BP to improve its safety record

Financial Times, 12 February 2007

The Local Authority Pension Fund Forum has called on BP to take steps to improve its safety record, and warned that its members would vote against the board if there was insufficient progress.

 

Browne ordered to face Texas courtroom

The Times, 12 February 2007

The Local Authority Pension Fund Forum, which controls £70 billion of assets and has £700 million invested in BP, has demanded that BP effect stronger controls on remuneration and internal investigations after a series of safety failures.

 

Pension funds act to cut 'fat cat' bonuses

Public Finance, 9 February 2007

Public sector pension funds have launched a campaign against inflation-busting bonuses for executives at US and multinational companies, using their substantial assets as leverage. Local government, transport and education pension schemes have joined forces with international public bodies and asset managers to call for compulsory shareholder votes on future US ‘executive compensation’.

 

Pension funds launch audit reform engagement campaign

Professional Pensions, 5 February 2007

Local authority pension funds are set to initiate a major shareholder engagement campaign in a bid to improve company audit practices.

 

Councils combine to heap pressure on audit laggards

Financial News, 6 February 2007

Council pension funds with a combined £70bn (€106bn) in assets have launched a shareholder campaign to put pressure on UK companies to improve their audit controls.

 

Call for bonuses to include link with BP safety performance

The Guardian, Thursday 18 January 2007

Shareholders are calling for Lord Browne and other BP directors to have their bonuses more closely tied to the company's safety and environmental performance in the wake of problems such as the Texas City refinery fire.

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