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WPP’s remuneration vote passes – with higher dissent

Despite public calls for pension funds to vote against WPP’s remuneration report at its AGM this week (8th June) the resolution was passed with 33.5% dissent – higher than 2015’s 22.2% protest vote.

ShareAction had condemned the chief executive’s (CEO) …

Board Effectiveness: What is POOR, OKAY, GOOD or EXCELLENT?

Does anyone know? Not yet. But, by the end of this month, the ethics think tank Responsible 100 believes it will have a better idea.

The problem Responsible 100 seeks to solve is the credibility deficit endured by businesses which …

Missing human capital data means annual reports are not providing a clear picture of the business, report states

Around a third (30%) of FTSE 100 companies are withholding relevant information from their annual reports and painting an inaccurate picture of opportunity and risk, according to a research report from the Valuing Your Talent partnership which includes The Chartered …

US remuneration committee chairs get less support after losing say on pay votes, study finds

Executive pay firm, Semler Brossey, has analysed the relationship between the shareholder support given in elections of remuneration committee members and chairs and the result of the say on pay votes at US company AGMs.

The study of director election …

New York City pension funds proxy access campaign success

US investors passed the first shareholder resolution in a decade at ExxonMobil when they voted to back the proxy access resolution at its recent AGM. The non-binding resolution called for the oil company to give investors that have jointly held …

Criticisms of BHS governance continues as administrators fail to find buyers

As inquiries continue into the retailer BHS – focusing on its sale last year and its large pension fund deficit – its administrators, Philip Duffy and Benjamin Wiles, managing directors at Duff & Phelps, announced that it had been unable …

Single Figure Calculations prove tricky for Legal & General

The insurer and institutional investor Legal & General plc (L&G), had to correct its annual report pay figures for chief executive, Nigel Wilson, on the eve of its AGM last week (26th May).

L&G, whose investment division LGIM is active …

VW shareholder resolution requests a special audit of ‘dieselgate’ scandal

The German investors’ association, DSW, has tabled a shareholder resolution to be considered at next month’s AGM of carmaker Volkswagen (VW), which is proposing a special audit into the actions of its directors in respect of the ‘dieselgate’ scandal. Last …

Shell has muted opposition to executive pay but Standard Life continues to raise auditor concerns

Royal Dutch Shell experienced a relatively modest level of investor opposition to its executive remuneration report at its recent AGM with a 14% vote against, this follows the rival oil company BP’s loss of its pay vote last month. However, …

AXA divests from tobacco companies

Insurer and investment company, AXA, has taken the decision to stop investing in tobacco companies, due to the public health risks of smoking.

AXA said that as a responsible investor and health insurer it had considered that increasingly healthcare was …