Micro Focus: Transaction-based award resulting in excessive pay

AGM Update:

Following the 29 March AGM, Micro Focus disclosed that the Remuneration Report was defeated with a 50.4% vote against – on a non-binding basis.  

Shareholders have become accustomed to the concept of pay for performance, but pay for …

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Lonmin plc’s major shareholder opposing KPMG’s re-appointment

Audit-related voting dissent still rare

When it comes to audit-related voting, shareholders have traditionally paid less attention to audit issues than other governance issues. Using Minerva’s VoteWatch module, this week we’re looking at two topical cases: Lonmin plc and SIG

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Blue Prism Group: LTIP structure around performance shares award

Blue Prism Group is overhauling its remuneration structure for the coming year with an increase in pay opportunity and the introduction of new long-term incentive awards. As Blue Prism is listed on AIM the company is not required to put …

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Investor Forum embraces ‘stakeholder capitalism’

AIM & remuneration disclosure: still room for improvement

Unlike their main market peers, AIM companies are not obliged to follow the detailed legislation surrounding executive pay practice. After AIM Rule 26 was changed in March 2018, they now just have …

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UK External Board Evaluation

Board evaluation: new research identifies opacity and market concentration concerns

Board evaluation, if done correctly, provides a vital tool for directors to strengthen board effectiveness. It provides an opportunity for boards to review its skills and experience; its composition …

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Sage Group: New remuneration policy in response to strategy focus

Sage Group: pensions down, shareholdings up

FTSE 100-listed accountancy software provider Sage Group plc holds its 2019 AGM on 27 February at which a new remuneration policy will be put to the shareholder vote. The policy was last approved at …

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Board chair tenure – how will companies respond?

FTSE 250-listed food retail company SSP Group holds its AGM on 21 Feb 2019 and shareholders may have noticed that the board chair, Vagn Sørensen has served on the Board since June …

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Women on FTSE 350 boards still to hit 33% target

Board Diversity: SEC Clarifies Reg S-K Disclosures

The staff of the US Securities and Exchange Commission (SEC) has issued two new Compliance & Disclosure Interpretations (116.11 & 133.13) focussing on how companies should consider board diversity in their …

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SEC lambasted over shareholder rights change as companies fail to meet ESG targets

SEC’s back to work priorities: proxy plumbing & human capital reporting

As the SEC returns to work after the shutdown, Commission chairman, Jay Clayton has started to lay out his departments work for the coming year. During a conference call …

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TUI AG: shareholders will note deviations from certain UK good governance practices

TUI AG: Board view deviations from UK governance practice as necessary

TUI AG holds its 2019 AGM on 12 February and shareholders will note deviations from certain UK good governance practices. This is due to TUI having a primary listing …

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