Minerva Briefing: Executive Pensions in the UK 2019

This Minerva briefing on Executive Pensions in the UK 2019 looks at the issue of pension fairness in the FTSE 100. It examines developments in executive preferential pension and details how companies in the FTSE 100 have been responding to the issue in remuneration policy renewals. Remuneration fairness Very few investors doubt that the need […]

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Minerva Briefing: Board Evaluation

Board effectiveness and the role of evaluation in supporting good governance has resulted in increased attention from regulators, investors and other stakeholders. Institutional investors are increasingly expecting boards to undertake evaluation. For example, the International Corporate Governance Network’s Global Governance Principles expects boards should “conduct an objective board evaluation on a regular basis, consistently seeking […]

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Minerva Briefing: UK Capital Authorities 2019

Capital governance is a critical shareholder protection. Capital authority requests are routine agenda items at shareholder meetings in the UK and relate to: • The authority to issue shares with pre-emption rights; • The authority to issue shares without pre-emption rights; and • The authority to conduct share buybacks. This Minerva Analytics Briefing looks at […]

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Minerva Briefing: UK Board Chair Tenure 2019

Recent changes to the UK Governance Code have put board chair tenure into the spotlight. This Briefing looks at the impact of the changes in respect of the top 350 identifying the number of companies with a chair who has been on the board and/or in the role of chair for a period approaching nine […]

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Minerva Briefing: Tax Secrecy 2018

Minerva’s latest Regulatory Briefing: Tax Secrecy identifies the key issues for investors and provides helpful guidance for trustees and governance officers to help them incorporate good practice into their proxy voting guidelines.  For many years Manifest’s research reports have identified material non-audit and tax-related fees as part of each auditor election proposal. From proxy season […]

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Regulatory Briefing: Employee Board Representation in Europe

Since November 2016, the UK has been investigating three key pillars of governance reform focussed on executive pay; the governance of large private companies and strengthening the voice of employees and stakeholders. Two years on, US Senator Elizabeth Warren has proposed a bill “The Accountable Capitalism Act” which, if passed, would enable up to 40% […]

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Minerva Briefing IA Remuneration Guidelines 2018

Minerva’s stewardship support team has reviewed the new investor guidelines  of the Investment Association in the context of Minerva’s current Say on Pay research reports, ratings and voting guidelines to identify the potential impact of the proposals. The UK’s main investor body, the Investment Association hosted in November 2018 a public Stewardship and Governance conference […]

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Regulatory Breifing: Board Gender Diversity in Europe

Although the European Commission and member states began to address board gender diversity since 2012, progress towards the suggested 40% target has been mixed. From an investors’ perspective, although high-level legislative steps have been taken to improve board diversity, due to the way each country has chosen to implement the recommendations, there is considerable variety […]

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Minerva Regulatory Briefing: UK Governance Reforms

During 2018 there have been a number of governance reforms introduced which will impact both companies and institutional investors. The new regime will begin to apply to accounting periods beginning on or after 1 January 2019. In effect, the new information will be reported against in 2020, unless companies and/or investors decide to adopt and […]

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Total Remuneration Survey 2018

  Over the past 20 years, the Manifest Total Remuneration Survey has become an essential resource to support engagement on pay. It is the is the UK’s most authoritative report of its kind, trusted by investors, companies, regulators, and academics alike. In planning your response to AGM votes or issues that have arisen during engagement […]

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