British companies are losing out – potentially by over £130bn a year – because they lack clear corporate purposes that unite all stakeholders in common goals and values, according to the interim report by the Purposeful Company Taskforce, which was …
Read MoreThe US federation of trade unions, the AFL-CIO, has released its latest Executive Paywatch data which it says shows the average CEO of an S&P 500 company received an annual income of $12.4 million in 2015—335 times more money than …
Read MoreAn 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 …
Read MoreHas 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 …
Read MoreShareholders have again showed their discontent over excessive executive pay packages with large votes opposing remuneration reports and policies. Engineering company Weir lost its binding vote on its remuneration policy – with a 72% vote against – while at building …
Read MoreThe share price of Japanese car manufacturer, Mitsubishi Motors, has plunged as the company admitted that incorrect emissions data had been submitted to its government since 1991. Mitsubishi has apologised to shareholders, customers and stakeholders for the deception.
The company …
Read MoreThe 2016 AGM season started with major defeats for two FTSE100 companies. Last Thursday (14th April) oil giant BP and medical equipments supplier, Smith & Nephew saw their remuneration reports rejected by shareholders at their AGMs. At the BP AGM …
Read MorePersimmon seeks to blame proxy advisors for NED’s slim majority
Construction firm, Persimmon, faced significant opposition in the vote to elect Nigel Mills as one their non-executive directors. There was a 47% vote against Mills’ appointment, due to independence concerns, …
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