May
- Opinion
- Chanticleer
Lendlease is finally doing what its investors have been begging for
This restructuring is indicative of what big investors want this year. Simple and focused businesses are in, sprawling empires with global ambitions are out.
- Anthony Macdonald
Karoon Energy suffers ‘first strike’ as activists land a blow
More than 26.25 per cent of proxy votes were cast against its executive pay regime ahead of the company’s annual general meeting in Melbourne.
- Updated
- Sarah Thompson, Kanika Sood and Emma Rapaport
Lendlease sells down Asia venture amid campaign for overhaul
The $147 million sale of a stake in its life sciences business comes as activist investors demand the property giant pulls back from overseas markets.
- Updated
- Nick Lenaghan
Karoon Energy finds sell-side backers ahead of pivotal AGM
Barrenjoey energy and utilities analyst Dale Koenders has voiced support for continued growth via M&A in a note seen by Street Talk.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Karoon CEO schmoozes investors, but activists aren’t backing down
Activist investor Sandon Capital has accused the top executive of employing “stalling tactics” ahead of the oil and gas producer’s annual general meeting.
- Sarah Thompson, Kanika Sood and Emma Rapaport
April
Activists Samuel Terry, Sandon lawyer up for Karoon Energy fight
The pair have added Allens and Mont Lawyers to their legal teams as they look to talk on the Karoon Energy board.
- Sarah Thompson, Kanika Sood and Emma Rapaport
British shareholder LGIM piles more climate pressure on Woodside
The $2.3 trillion asset manager will vote against not only the gas giant’s climate plan but also against chairman Richard Goyder’s re-election.
- Hans van Leeuwen
- Analysis
- Carbon challenge
Woodside treads impossibly fine line on climate demands
Whether new oil and gas projects can align with the Paris Agreement is central to the oil and gas producer’s stoush with activists and some proxy advisers.
- Updated
- Angela Macdonald-Smith
Woodside slams Glass Lewis’ carbon assessment
The proxy adviser appears to have based its views on two activist groups holding up to 0.005 per cent of the stock and ignored Woodside’s extensive talks on climate, it said.
- Angela Macdonald-Smith
Proxy group at odds with itself over Woodside’s Richard Goyder
The sustainability arm of Institutional Shareholder Services is recommending against the re-election of the company’s chairman – contradicting its main analyst.
- Angela Macdonald-Smith
High-profile analyst accuses CGI Glass Lewis of activism on Woodside
Saul Kavonic, of MST Marquee, said the influential proxy advisory group “appears to have lost objectivity and equity in its work”.
- Angela Macdonald-Smith
Allan Gray will disregard proxy advice and back Goyder at Woodside
The investment firm is a big shareholder in the oil and gas giant. It is supporting its climate strategy in the face of opposition from environmentalists.
- Angela Macdonald-Smith
‘Unequivocal failure’: Activist fund tries to unseat Larry Fink
Bluebell Capital Partners is proposing to oust the BlackRock founder as chairman of the world’s largest asset manager.
- Updated
- Brooke Masters
Influential proxy adviser urges vote against Woodside chairman
CGI Glass Lewis also supported an activist shareholder group push to reject the oil and gas producer’s updated climate strategy at the company’s annual meeting.
- Updated
- Angela Macdonald-Smith
March
Jet costs cloud proxy adviser support for Santos
CGI Glass Lewis raised “concerns” over the use of a corporate jet for top management, but it and ISS backed both the remuneration report and chairman Keith Spence’s re-election.
- Angela Macdonald-Smith
Woodside rebuffs activist push against chairman on climate
The board said it “strongly disagrees” with activist shareholder groups seeking to block Richard Goyder’s re-election and to reject the remuneration report.
- Angela Macdonald-Smith
February
Activist shareholder opposes re-election of Woodside chairman
The Australasian Centre for Corporate Responsibility says Richard Goyder has been “persistently unresponsive” to concerns about Woodside’s performance on climate.
- Updated
- Angela Macdonald-Smith
January
Exxon sues ESG investors to stop climate proposals on ballot
The Texas oil giant is seeking a declaratory judgment to exclude from its AGM a proposal from Follow This and Arjuna Capital to accelerate emission cuts.
- Kevin Crowley
- Opinion
- Oil
BP went for continuity. But it needs a revolution
Why are investors so down on the company? BP is spending generously on lower-return projects outside its core oil and gas businesses.
- Javier Blas
Shell investors unite with activist group urging greater emissions cut
The group, which includes Europe’s largest asset manager Amundi, will co-file a shareholders’ resolutions pushing Shell to align itself with the Paris Agreement.
- Laura Hurst
