Short-dated EGMs – don’t ban them, fix the voting Pity poor Hammerson plc who last week became the first FTSE 100 company in many years to lose a routine resolution because it failed to achieve the necessary majority. We say “routine” because, for UK shareholders at least, calling EGMs on 14 days notice is completely […]
Read MoreThree AGMs have this week seen shareholder dissent reach notable levels. Home Retail Group shareholders voted to approve the remuneration report, but dissent represented the fifth biggest rebellion on the remuneration report in the FTSE 100 so far in 2009. Total dissent of 40.49% was split between against 32.99% and abstentions 7.5%. The Company had […]
Read MoreWith the United Kingdom due to implement the EU Shareholder Rights Directive by 3 August 2009, many companies have included on their AGM agendas a resolution to allow them to continue to hold EGMs on 14 days notice, as currently permitted. The Companies Act 2006 enables listed companies to call a general meeting (other than […]
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