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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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 […]
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 MoreA coalition of institutional investors is gathering support for a campaign for a vote against six directors and executive pay at the pharmaceuticals company, Mylan which has faced controversy over raising prices for its EpiPen product. Its AGM is due to take place on 22nd June. Proxy voting advisers are backing the campaign launched recently […]
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 MoreRoyal London Asset Management (RLAM), voiced concerns about the unusual remuneration and board structure of Glencore ahead of its May 24 AGM. The voting results show RLAM’s concerns may have been shared by other shareholders. While all Glencore’s resolutions were carried, the figures showed dissatisfaction with the board with the nomination committee chairman Peter Grauer polling 13.92% vote […]
Read MoreThe UK’s general election campaign highlighted workers rights and representation as well as executive pay. With the main parties launching their manifestos this week the Conservative Party reiterated its commitment, that appeared in the government’s corporate governance green paper, to improve worker representation on company boards. This would not necessarily be an employee on the board but alternatively […]
Read MoreResponsible investment pressure group, ShareAction is calling on investors to oppose the executive pay policies of oil companies, Shell and BP, arguing that they are not aligned with the long-term interests of shareholders. ShareAction said that the remuneration for executives at both oil companies is rewarding the achievement of corporate strategies which could put shareholder value […]
Read MoreOil giant BP, which last year lost its advisory vote on its remuneration report at its AGM, has reduced the pay of its chief executive, Bob Dudley, and will propose a simpler pay policy to shareholders at this year’s meeting on 17th May. BP disclosed in its annual report published this week that Dudley’s total remuneration for […]
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