The advisory vote on the remuneration report at AGM of OZ Minerals on 11 June is expected to see a very significant protest vote following the AU$10m severance payment received by former Oxiana CEO, Owen Hegarty, during the year. The …
Read MoreFrom the self-styled “Wall Street Tabloid” DealBreaker
….in the face of mounting losses and some very poor risk management very few corporate heads have actually been tossed by shareholders. Government, of course, has been more “effective” in this regard. Still, …
Read MoreFTSE 100 bosses are paying themselves “footballers’ salaries” out of proportion with the rest of the market according to a report from pay consultants MM&K and governance group Manifest.
The increase in total pay for chief executives and senior …
Read MoreAn oil giant’s shareholders flex their muscles
MOST firms’ annual general meetings (AGMs) owe more to North Korea than ancient Greece. By long-standing tradition, bosses make platitudinous speeches, listen to lone dissidents with the air of psychiatric nurses towards patients …
Read MoreDid the Lloyds board act with sufficient care on the HBOS deal? Manifest takes a look at the legal aspects of directors’ duties in the context of one of this century’s most politically charged takeovers.
The 2006 Companies Act for …
Read MoreThe Irish Independent and the Daily Telegraph have picked up Manifest’s story about the Ryanair shareholder resolutions at Aer Lingus’ upcoming AGM.
“The Manifest Proxy Voting agency, a company that monitors corporate governance here and in the UK, has alleged …
Read MoreMears Group, which moved its listing from AIM to the Official List in June 2008, has fallen significantly short of the requirements of the UK Companies Act in the drafting of its remuneration report for the 2008 financial year.…
Read MoreThe dominance of the Big 4 audit firms continues to be a cause for concern according to a report by the UK’s reporting and governance watchdog, the Financial Reporting Council. The FRC has published the third of its Progress Reports …
Read MoreShareholder engagement is on the up according to the UK’s Investment Management Association which has just published its fifth annual Engagement Survey. The report brings together a review of IMA members general approach to voting disclosure between July 2007 and …
Read MoreRyanair is asking the Aer Lingus to cut the salaries of its Chairman, Colm Barrington and the non-executive directors due to the airline’s ‘stated need to significantly reduce costs’. Ryanair, a 29.8% shareholder in Aer Lingus, has requisitioned two resolutions …
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