Shareholder engagement is on the up according to the UK’s Investment Management Association which has just published its fifth annual Engagement Survey. The report brings together a review of IMA members general approach to voting disclosure between July 2007 and …
Read MoreRyanair is asking the Aer Lingus to cut the salaries of its Chairman, Colm Barrington and the non-executive directors due to the airline’s ‘stated need to significantly reduce costs’. Ryanair, a 29.8% shareholder in Aer Lingus, has requisitioned two resolutions …
Read MoreOwners of USA Inc today (May 20) got the news they’ve been waiting for – the SEC has voted to propose new rules which will enable them to nominate their own board candidates. The proposal was passed in a narrow …
Read MoreEarlier this year Manifest was approached by Channel 4’s Dispatches documentary team to help them with a review of executive pay following the revelations of Sir Fred Goodwin’s pension arrangements. In this episode, “Britain’s Bankers: Still Cashing In”, Manifest works …
Read MoreThe Financial Times
The Shell No vote was the second biggest against a UK company’s remuneration report this year, topped only by the 80 per cent of votes cast against Royal Bank of Scotland, according to Manifest, the voting agency
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Royal Dutch Shell today suffered one of the UK’s all time biggest ever shareholder revolts with a 57.1% vote Against the remuneration report vote. Since the introduction of the Directors Remuneration Report Regulations in 2002 only two other FTSE100 companies …
Read MoreBanks were ownerless corporations whose shareholders gave their governance role a low priority. That’s just one of the damning conclusions from the UK’s Treasury Committee which has released its third report on the Banking Crisis. The report entitled “Banking Crisis: …
Read MoreGlaxoSmithKline’s May 20th AGM will be asking shareholders to exempt the auditor partner from signing the audit in his or her own name, the first such case noted by Manifest.
The company says that, ‘For many years, the Company and …
Read MoreThe Nominees for Shareholder Choice, better known as the Pershing Square Capital Management’s dissident director slate, have taken aim at Target’s board in the run-up the May 28 AGM. The nominees have issued a public letter spelling out 11 concerns …
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