Based in New York and London, the CDP focuses on the implications of climate change for shareholder value and commercial operations.
"There's been a restatement, wholesale management changes, settlement of shareholder lawsuits," said Mr. Halpern, who has put a strong buy recommendation on the stock.
Ominously, his proposed changes to shareholder rights are said to have the support of the White House.
"The risk of a change in the shareholder structure of Bashneft escalates, a risk that now spreads to Sistema's other assets".
Royal Bank of Scotland has become the latest to do so, making it the 18th company in the FTSE 100 index to sign up, compared with just two in 2011.Some of this change is the result of shareholder pressure.
Retained earnings, found in a company's statement of changes in shareholder equity, are not as closely watched by investors as are a company's net earnings, but they are less easily manipulated.
That effectively means Nstar's executives will exploit a change-of-control premium that their shareholders were denied.
This triggered a change-of-control provision that allows shareholders to sell their shares.
BP has promised to be more open about its impact on climate change after 98% of shareholders backed a resolution calling for greater transparency at the fossil fuel group.
When Ms. Carnwath said that the "committee is under no illusions that the balance of rewards between shareholders and employees has to change in favor of shareholders," an audience member shouted, "Why have you only just woken up to this?" After the meeting had finished, David Pollard, a shareholder, said: "They really struggled to justify the big paychecks.
The oil company denied the allegations, and said it had been forthcoming about the business risks of climate change in its shareholder and other reports.
