The Hampton-Alexander Review published its third annual report on 13 November. The report found that a quarter of FTSE 350 companies have only one woman on their board, described as “one & done” boards, and there remain five all-male boards. …
Read More
UK Governance Watch
FTSE 250-listed Kier Group’s suffered a shareholder revolt at its 2017 AGM after 44.16% of shareholders opposed the approval of its remuneration report. The construction and services business also saw 21.24% of shareholders oppose its remuneration …
Read More
UK Governance Watch
At JD Wetherspoon shareholders may hold concerns with the level of independence on the board. At the conclusion of the FTSE 250 pub owner and operator’s AGM the board will comprise three executive directors, Chairman Tim Martin …
Read More
UK Governance Watch
SIG plc is holding a general meeting on 7 November in order to seek shareholder approval of a new remuneration policy and long-term incentive plan (LTIP). In the FTSE250 industrial group’s annual report it was reported that …
Read More
UK Governance Watch
At AIM-listed infrastructure group Hargreaves Services’ 2017 AGM around 20% of shareholders opposed the adoption of its remuneration report. Shareholders likely held concerns with the level of disclosures provided in the report regarding performance targets and …
Read More
Four billion reasons not to fix the proxy plumbing
Can the SEC resist the lobbying deluge and restore essential share ownership rights?
Since the GFC, regulators have been working to make markets and economies safer. Part of that process has …
Read More
Unilever: Votes and Voices
Proxy plumbing adds complexity to hotly-contested simplification plan
The proposed Unilever vote in October is raising City eyebrows. When the CIO of a UK insurer takes to the pages of the financial media voicing concerns over …
Read More
As implementation of Shareholder Rights Directive II draws closer, attention is (or should be) turning to how we are going to make it happen. A cynic might say that, like MIFID II, “it’s all very well intended but….” OK, fair …
Read More
Proxy Plumbing: SEC Re-opens Investigations
Plans to review US proxy plumbing infrastructure “long overdue, but very welcome”.
The Securities and Exchange Commission has announced it will re-examine the US proxy voting system.
The US securities regulator, the Securities and Exchange …
Read More