Blue Prism Group is overhauling its remuneration structure for the coming year with an increase in pay opportunity and the introduction of new long-term incentive awards. As Blue Prism is listed on AIM the company is not required to put its forward-looking remuneration policy to shareholders for approval, although they are offered a non-binding vote […]
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AIM & remuneration disclosure: still room for improvement Unlike their main market peers, AIM companies are not obliged to follow the detailed legislation surrounding executive pay practice. After AIM Rule 26 was changed in March 2018, they now just have to disclose which governance code they follow. For many, that will be the QCA Governance […]
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ITE Group to seek shareholder approval to amend remuneration policy At FTSE SmallCap ITE Group’s upcoming AGM the board is seeking shareholder approval to amend its remuneration policy and Performance Share Plan (PSP) to allow for enhanced awards to be granted to CEO Mark Shashoua and CFO Andrew Beach in the 2019 financial year. The […]
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UK Governance Watch FTSE 250-listed Kier Group’s suffered a shareholder revolt at its 2017 AGM after 44.16% of shareholders opposed the approval of its remuneration report. The construction and services business also saw 21.24% of shareholders oppose its remuneration policy. The key cause for shareholder concern was the remuneration committee’s decision to award CEO Haydn […]
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Minerva Total Remuneration Survey 2018 Over the past 20 years, the Minerva 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 […]
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About the survey The 2018 edition of the Executive Director Total Remuneration Survey is the latest in a continuous series of independent, non partisan reports which takes an in-depth look at trends in listed company pay and reward. Since 2003 Manifest-Minerva has prepared this highly-trusted review using primary source public information taken the annual reports […]
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Executive Remuneration: an investor’s guide Is the pay of senior executives really out of control or have CEOs received a raw deal from the headline writers? What do CEOs in the UK really earn and how does this compare with their international competitors? How has the structure of pay changed over time and what is […]
Read MoreShareholders 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 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% […]
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