Shareholders in FTSE 250 company, GVC Holdings voted heavily against its remuneration report at its AGM this week (20th June). However, the betting firm voiced its commitment to engaging with shareholders and has recruited a new chair of its remuneration committee to show it is developing a new approach to executive remuneration. GVC, which has […]
Read MoreShareholders in Morrisons only narrowly backed the supermarket chain’s remuneration report at the AGM vote this week (15th June) with the proxy voting results showing that the company received a 48% vote against. However, the binding vote on its remuneration policy was passed with 92% support. There was also a 12.5% vote against Rooney Anand, […]
Read MoreFrench carmaker Renault will be holding its AGM on 15th June and its voting results will be closely watched due to longstanding concerns about its governance and after its vote on pay was defeated last year. The pay of Carl Ghosn, chief executive and president, was under scrutiny last year and only received 46% of votes […]
Read MoreThe median pay of the 200 highest earning US chief executives (CEOs) rose to $16.9m in fiscal year 2016 according to the annual study of US CEO pay by advisory firm Equilar and those included on this list saw a median 9% pay increase over what they earned the previous year. The Equilar 200 study, which produces a rankings […]
Read MoreIn the lead up to the AGM of the carmaker, Volkswagen (VW), last week (10th May) activist investor Hermes EOS recommended a vote against re-electing members of the management and supervisory boards and the revised remuneration policy. Hermes believes that VW had made unsatisfactory progress in uncovering the corporate governance and culture problems which contributed to […]
Read MoreResponsible investment pressure group, ShareAction is calling on investors to oppose the executive pay policies of oil companies, Shell and BP, arguing that they are not aligned with the long-term interests of shareholders. ShareAction said that the remuneration for executives at both oil companies is rewarding the achievement of corporate strategies which could put shareholder value […]
Read MoreEducational services company Pearson, lost the vote on its remuneration report at its AGM last week (5th May). There were also significant votes opposing the company’s remuneration policy and the re-election of the remuneration committee chair. If abstention votes are included in the total of votes there was a 61% vote against the remuneration report, 32% […]
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 – received a 93% vote in favour. These voting results are in stark contrast to last […]
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 meeting on 17th May. BP disclosed in its annual report published this week that Dudley’s total remuneration for […]
Read More