The future of proxy advisors – is there one? Sarah Wilson, CEO of Manifest spoke at the ICGN London Meeting on 20th March 2012. Her presentation at the breakout session “the future of proxy advisory” was based on the following article. Proxy advisors – sorting fact from fiction Don’t confuse what you’ve become familiar with […]
Read MoreIn this guest article, Cliff Weight of remuneration consultants MM&K responds to a comment from David Brimacombe, senior advisor to Nestor Advisors on our January piece: ‘Remuneration Committee “Cronyism” – digging deeper’. The article was written in response to assertions from the UK’s prime minister David Cameron and cabinet colleagues that shareholder’s had failed to tackle […]
Read MoreThe AMF, the French equivalent of the FSA, has finally published an English language version of its February 7th report on the conduct of General Meetings at French listed companies. The report deals with the four broad themes of dialogue between shareholders and issuers, shareholder voting at general meetings, the board of the general assembly and its […]
Read MoreMore rights for shareholders is one of those sure-fire political winners which would seem churlish to object to. But, with the publication of the UK’s proposals to fix the “payments for failure” fiasco, it looks like the UK government is going to (again) miss a golden opportunity to give shareholders ALL of the tools that they need […]
Read MoreVince Cable, Secretary of State for Business, Innovation and Skills, this week announced the latest government consultation on executive pay, this time aimed specifically at enhancing shareholder voting rights on the matter. The consultation seeks opinions on the following outline policy proposals: An annual binding vote on future remuneration policy Making the vote on future […]
Read MoreManifest’s friends GES invite you to their London 20th anniversary seminar and new website. GES celebrates its 20th anniversary by hosting a high-profile seminar in London exploring the future for Responsible Investment. At the same time, GES launches a redesigned website. Under the title “What works in ESG Engagement?”, GES has invited a number of […]
Read MoreThe National Employment Savings Trust (NEST) has appointed The Co-operative Asset Management (TCAM) and Manifest to support its responsible investment strategy. In an innovative joint tender, TCAM and Manifest outlined an robust solution to manage and develop NEST’s evolving stewardship responsibilities. TCAM, which currently has over £20 billion of assets under management, offers a distinctive responsible […]
Read MoreToday’s announcement by Cairn Energy that it will withdraw resolution 2 at its General Meeting next week, demonstrates that shareholders can act on egregious pay awards when they really want to. Cairn had proposed the award of shares to Sir Bill Gammell with a value of £2.5m (based on average closing share price for the […]
Read MoreOne of the suggestions made by Vince Cable when answering his parliamentary question in the House of Commons yesterday in relation to his proposals to address executive pay, was that the remuneration report may be subject to a higher support threshold than currently. This has some echoes of Australia’s two-strikes rule, which states that if […]
Read MoreSince we published data on the number of executive directors in the FTSE 100 sitting on remuneration committees of other FTSE 100 companies, a common question we received was … what if you look beyond the FTSE 100? So we have re-run the numbers, looking at the FTSE All-Share (i.e. FTSE 100, FTSE 250 […]
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