Shareholders in scandal-hit US bank Wells Fargo gave the company a signal of their dissatisfaction in voting at its recent AGM.
While the re-election of the directors was passed with the majority of votes cast the proportion in favour …
Read MoreGlobal mining group Anglo-American received strong support from shareholders for its remuneration policy as well as its remuneration report at its AGM this week.
The remuneration report gained 99% support while the policy – which is a binding vote – …
Read MoreOil giant BP, which last year lost its advisory vote on its remuneration report at its AGM, has reduced the pay of its chief executive, Bob Dudley, and will propose a simpler pay policy to shareholders at this year’s …
Read More
Tesco has reached an agreement with the Serious Fraud Office (SFO) which, if approved by the court, will allow it to pay a fine for its false accounting in 2014 rather than face prosecution. Separately it has agreed with the …
Read More
Investors in machinery, vehicle and engine manufacturer Caterpillar have called on its board to establish a special committee to investigate any risks related to tax schemes set up by the company which are now subject to investigations by US federal …
Read More
Building materials supplier LafargeHolcim has admitted to failings by company bosses running its Syrian cement plant. They engaged in dealings with armed groups as they sought to protect employees as the area became increasingly dangerous as a result of the …
Read More
Marissa Mayer, Yahoo chief executive, has lost her 2016 cash bonus and forgone her 2017 equity award after an investigation found that executives at the technology company were aware of a cyber security data breach in 2014 but did not …
Read More
News of Snap Inc’s pending IPO arrived too late for our usual weekly round-up, but no matter, now that the full implications of the disappearing photo-apps disappearing votes have started to sink in, we can take a moment to reflect …
Read MoreA significant proportion of corporate governance practitioners are unsure whether the UK’s system of corporate governance is fit for purpose. According to a poll published last week [01-Feb-17] by the UK’s corporate secretary professional body, ICSA, and recruitment specialist …
Read More