trending Market Intelligence /marketintelligence/en/news-insights/trending/0EAkKy3ec1s_S1tFuu1drQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Shareholder wants Voya Financial to report on investments in companies funding genocide

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory


Shareholder wants Voya Financial to report on investments in companies funding genocide

Voya FinancialInc. said in a definitive proxy statement filed April 11 thatWilliam Rosenfeld plans to introduce at the May 26 annual shareholder meeting aproposal that would require the company to report on investments in companiestied to genocide.

Rosenfeld wants the board report to shareholders an analysisof how Voya Financial's published corporate values align with its policiesregarding investments in companies tied to genocide or crimes against humanity.Specifically, the shareholder wants the board to explain how the company'sinvestments in CNPC/PetroChina and Sinopec are consistent with its publishedcorporate values. The shareholder claims that CNPC, PetroChina's controllingparent and Sudan's largest oil partner, helps fund ongoing government-sponsoredgenocide and crimes against humanity. As Syria's largest oil partner, CNPC alsohelps fund its government's mass atrocities, according to the shareholder.

Rosenfeld pointed out that other large financial companieslike T. Rowe Price GroupInc. and TIAA have policies to avoid such investments.

Voya Financial's board recommended that shareholders voteagainst the proposal. The board claims that the proposal could create aconflict of interest for the company's investment adviser subsidiaries inhaving to choose between their fiduciary duty to their clients to exerciseinvestment discretion independently of the company and the socialresponsibility objectives of an individual shareholder in the company. Theboard also stated that the company has already incorporated human rightsconsiderations in its investment process and its business practices alreadyreflect its recognition and support for human rights protection.

Rosenfeld, owner of 500 common shares, a similar proposal in 2015 as well.