Tesco’s AGM today saw the largest against vote (41.03%) against a share plan at a FTSE 100 company since Manifest began collecting voting data in 1996. When analysed including abstentions, it was the largest rebellion in the FTSE 100 in …
Read MoreThree AGMs have this week seen shareholder dissent reach notable levels.
Home Retail Group shareholders voted to approve the remuneration report, but dissent represented the fifth biggest rebellion on the remuneration report in the FTSE 100 so far in 2009. …
Read MoreSome 18 Japanese companies are known to have disclosed the results of their 2009 AGMs on their corporate websites, in what is an improvement from two companies on 2008 according to Sumitomo Trust. Japanese regulators are expected to introduce a …
Read MoreIn response to the widespread criticism from government and media over the role of investors in the financial crisis, the UK’s National Association of Pension Funds (NAPF) has released research which show that just under half (49%) of its bigger …
Read MoreIn a widely anticipated move, the US Securities and Exchange Commission has moved forward with an aggressive reform program to update the US proxy system. The SEC met today (01/07/09) to approve the New York Stock Exchange’s proposal regarding broker …
Read MoreThe Investor Responsibility Research Center Institute and PROXY Governance Inc. have released a new in-depth analysis of the proxy voting policies and recent voting records of seven of the largest exchange-traded fund (ETF) sponsors in the US. The findings indicate …
Read MoreCattles plc has announced a clear-out of its Board following the completion of a forensic review into its impairment provisions:
- Norman Broadhurst (Chairman), who previously announced he intended to retire at the AGM, has stood down from the board with
The UK’s trade union federation, the TUC has published its 2008 fund manager voting survey and found investors wanting.
For the seventh year the TUC’s investment team has analysed the voting records of 20 fund managers and pensions funds for …
Read MoreAngry shareholder groups are calling on regulators to overhaul rules that mean UK companies can provide dramatically different information to investors in the U.S. and here.
Sarah Wilson, chief executive of respected shareholder advisory group Manifest, described it as …
Read MoreThe US Chamber of Commerce’s Center for Capital Markets Competitiveness conference convened this week to look at the impact of shareholder activism and shareholder rights. Two interesting themes have emerged from reports of the conference, firstly research into the impact …
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