At today’s AGM of Tomkins plc (FTSE 250 constituent), only 38.8% of shareholders voted in favour of the remuneration report resolution. Measured in terms of dissent (61.2%), the rebellion against the remuneration report ranks just outside the top ten all-time …
Read MoreThe advisory vote on the remuneration report at AGM of OZ Minerals on 11 June is expected to see a very significant protest vote following the AU$10m severance payment received by former Oxiana CEO, Owen Hegarty, during the year. The …
Read MoreDid the Lloyds board act with sufficient care on the HBOS deal? Manifest takes a look at the legal aspects of directors’ duties in the context of one of this century’s most politically charged takeovers.
The 2006 Companies Act for …
Read MoreRyanair is asking the Aer Lingus to cut the salaries of its Chairman, Colm Barrington and the non-executive directors due to the airline’s ‘stated need to significantly reduce costs’. Ryanair, a 29.8% shareholder in Aer Lingus, has requisitioned two resolutions …
Read MoreTUI’s Hanover AGM was finally closed by the chairman at 21:00 on 13 May having started at noon. Monteray Enterprises, TUI’s largest shareholder, failed in its efforts to remove two members of Supervisory Board; appoint two representatives of Monteray to …
Read MoreNot so very long ago the AGM season passed the greater world largely unnoticed. Then in 1995 came the Cedric the pig, the mixed metaphor’d ‘fat cat with his snout in the trough’. We have then seen Hugh and his …
Read MoreThe Fortis shareholders’ meeting in Ghent, Belgium was stopped for half an hour, according to Radio Netherlands, after the Tuesday meeting descended into chaos. Shareholders angry at the proposed sale of Fortis Bank to French BNP Paribas threw shoes, coins …
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