Two thirds of large UK businesses have suffered a cyber attack in the past year

Two thirds (65%) of large UK companies have admitted to having suffered a cyber breach in the past year, according to a survey conducted for the government.

The study also found that 69% of companies said that senior managers were …

Call on Vanguard to join others in responding to a low carbon economy future

Responsible investment advocacy group, ShareAction has called on US asset manager, Vanguard, to demonstrate its commitment to company engagement on climate issues by voting in favour of shareholder resolutions on climate risk at ExxonMobil and Chevron, in an open letter…

Governments pledge to fight corruption as pressure grows for more action

An international anti-corruption summit in London this week has led to an international communiqué in which countries have signed up to taking action to address corruption and reduce financial secrecy which hurts developing countries and their people. Participants also produced …

Dissent on pay continues at UK AGMs

Investors showed their concerns over executive pay at more AGMs this week. The largest rebellion was at bookmaker Ladbrokes which faced a 42% vote against its remuneration report – this was just above the 40% vote against received last year.…

Peace campaigners protest at BAE Systems AGM

Campaigners from the pressure group, Campaign against the Arms Trade (CAAT), which is calling for the UK to stop selling arms to Saudi Arabia, took their fight to the BAE Systems AGM last Wednesday. CAAT had bought shares in the …

Dutch update corporate governance code

The Dutch corporate governance code monitoring committee is currently revising its country’s corporate governance code – first released in 2003 – following a consultation on the proposed changes which ended last month. The committee is expected to publish the finalised …

Index launched for investors seeking to divest from fossil fuels

The London Stock Exchange-owned FTSE Russell has launched the FTSE Divest-Invest index which will reduce investors exposure to fossil fuel companies while also increasing exposure within the index to companies engaged in the transition to a green economy.

FTSE Russell …

Rio Tinto avoids large pay vote rebellion

Mining group, Rio Tinto, which is dual-listed in the UK and Australia, avoided a large scale rebellion over its remuneration report although there was a higher level of dissension than in previous years. The voting results were announced following the …

UK’s Pre-emption Group releases monitoring report on updated principles

The Financial Reporting Council’s pre-emption group (PEG) has released a report showing the progress of implementation of the Statement of Principles (principles), which were updated in 2015 to reflect market changes. The PEG found that the revised principles were largely …

Has the UK’s pay simplification project hit the buffers before leaving the station?

Last week’s unprecedented result at the AGM of Weir plc – 72.3% against the remuneration policy vote and 72.24% agains the vote on LTIP amendments (both binding …