GovernanceWatch: SIG plc

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 …

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GovernanceWatch: Hargreaves Services, Brooks MacDonald

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 …

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Unilever flag

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 …

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Melrose plc logo

When you submit your proxy votes it’s normally safe to assume that what you voted on is, well, what is going to get voted on. Maybe not.

Now that the dust has settled on the takeover of GKN plc by …

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Kobe Steel

The chief executive and other senior executives have stepped down from Japanese company Kobe Steel following the publication of the report outlining the findings of an investigation into the data falsification that the company admitted to in October last year.…

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Tesco equal pay

UK supermarket chain Tesco faces its first equal pay claims that could add an extra 4 billion to its wage bill. The action has been brought by law firm Leigh Day, which said it had started submitting claims on behalf …

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Carillion directors

The former directors of Carillion who appeared before the joint Work and Pensions and Business, Energy and Industrial Strategy Committees inquiry into the company’s collapse last month were labelled as “delusional” by its co-chairs Frank Field MP and Rachel Reeves …

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MPs

The House of Commons’ Work and Pensions and Business, Energy and Industrial Strategy Committees have launched a  joint inquiry into the collapse of construction firm Carillion.

The select committees said they would be investigating how a company that was …

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audit market

The collapse of Carillion raises concerns not only about corporate governance at the firm and KPMG’s audit, but also how the directors were able to get changes to their pay passed the vote. Speaking in The Guardian on Saturday (20-Jan-18), …

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Petrobas class action USS

Brazilian oil and gas company, Petrobras, has signed an agreement to settle a securities class action lawsuit filed in the US in which the lead plaintiff was UK pension fund, the Universities Superannuation Scheme (USS).

Under the settlement, Petrobras agreed …

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