GovernanceWatch: JD Wetherspoon

UK Governance Watch At JD Wetherspoon shareholders may hold concerns with the level of independence on the board. At the conclusion of the FTSE 250 pub owner and operator’s AGM the board will comprise three executive directors, Chairman Tim Martin – the company founder and controlling shareholder – and four non-executive directors. Of the four […]

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GovernanceWatch: SIG plc

UK Governance Watch SIG plc is holding a general meeting on 7 November in order to seek shareholder approval of a new remuneration policy and long-term incentive plan (LTIP). In the FTSE250 industrial group’s annual report it was reported that the remuneration committee was conducting a review of executive pay and consulting with shareholders and […]

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GovernanceWatch: Hargreaves Services, Brooks MacDonald

UK Governance Watch At AIM-listed infrastructure group Hargreaves Services’ 2017 AGM around 20% of shareholders opposed the adoption of its remuneration report. Shareholders likely held concerns with the level of disclosures provided in the report regarding performance targets and the lack of director shareholding guidelines and clawback provisions. The disclosures on these policy aspects continue […]

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UK corporate governance code

There continued to be a focus on executive pay in 2017 by shareholders of FTSE 350 companies data from Manifest for the Pensions and Lifetime Savings Association’s (PLSA) AGM voting review showed. The PLSA stated that the executive pay awards continued to be the most controversial aspect of corporate governance, with the figures of significant remuneration-related […]

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High Pay Centre CEO pay

In its annual review of the pay of FTSE 100 chief executives and average UK employees the High Pay Centre, now working with the Chartered Institute of Personnel and Development (CIPD), found that by 4th January, dubbed Fat Cat Thursday, the UK’s top bosses made more money than the typical UK full-time worker will earn in […]

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Panellists agreed it was time to reset the governance debate highlighting the need for companies to improve their reporting and “be brave” in their disclosures to investors and other stakeholders at the Manifest seminar held this week. The event was hosted at the Financial Reporting Council and David Styles, its director of corporate governance, welcomed participants […]

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Manifest ICSA corporate governance seminar

Company secretaries have the opportunity to learn more about the UK government’s recent corporate governance proposals from a range of experts at a forthcoming seminar organised by Manifest, in association with ICSA – The Governance Institute. The event – being held on 31st October in the City of London – will outline the UK’s current corporate governance […]

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High Pay Centre CEO pay

The UK government is to require companies to publish pay ratios between chief executives – based on their total remuneration – and their average UK worker. This was among the actions outlined in the government’s response to its corporate governance green paper consultation which ended earlier this year. The government said that the pay ratio information: […]

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Ethos Swiss shareholders vote

Investors in leading Swiss companies are increasingly prepared to vote against management, particularly over executive pay, according to research by the Ethos Foundation. Ethos, a pension fund-led responsible investment foundation shows that amongst the 200 companies comprised in the stock market index SPI, the average approval rate for items put to a shareholder vote reached […]

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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 […]

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