The LAPFF took their place in the governance history books today. Although they failed to come close to the super-majority needed to have their resolution calling for an independent chair passed, they have achieved a remarkable result. Taking into account the abstain votes, total dissent is practically double the highest previously recorded for a FTSE […]
Read MoreTwo notable shareholder resolutions on both sides of the Atlantic have put the role of UK investors in pressing for change at quoted companies firmly in the spotlight. Texas Instruments (TI) has come under close scrutiny from RailPEN, the investment arm of the UK’s Railways Pension Fund and one of the UK’s largest pension investors. Resolution […]
Read MoreSome 23% of FTSE 350 companies are not adequately reporting to shareholders on the activities of their audit committees, producing in effect little more than a summary of the committees’ terms of reference, research by the Local Authority Pension Fund Forum (LAPFF) has found. The LAPFF also found that the standard of audit committee reporting […]
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