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Unilever: Votes and Voices Proxy plumbing adds complexity to hotly-contested simplification plan The proposed Unilever vote in October is raising City eyebrows. When the CIO of a UK insurer takes to the pages of the financial media voicing concerns over a voting issue you know it’s serious. David Cumming, head of equities at Aviva Investors, […]

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Hong Kong

The International Corporate Governance Network (ICGN) and the Asian Corporate Governance Association (ACGA) are urging institutional investors to respond to the latest consultation from the Hong Kong stock exchange which proposed allowing certain companies with dual-class share structures to list. The proposals form part of the stock exchanges aspiration to be a more attractive place to list […]

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RBS ShareSoc shareholder committee

Over 100 shareholders have again requisitioned a resolution calling on the Royal Bank of Scotland (RBS)  to establish a shareholder committee in a campaign organised by private investor groups – the UK Individual Shareholders Society (ShareSoc) and the UK Shareholders Association (UKSA). The resolution and requisition forms from 161 shareholders were delivered to the RBS’s London […]

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Investment Association shareholder rebellion register

The Investment Association (IA), which represents the UK’s asset management industry, has launched its public register of listed companies which have had significant shareholder rebellions. The IA proposed its development in its response to the government’s green paper on corporate governance in 2016 and was asked to go ahead with the launch of the government’s […]

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shareholder proposals US Chamber of Commerce

No, says veteran US corporate governance activist James McRitichie, In his blog, CorpGov.net, Jim emphatically rebuts the claims made in a paper recently published by the US Chamber of Commerce’s Center for Capital Markets Competitiveness which argues that the US regulation regarding shareholder resolutions needs reform in order to “improve long-term company performance and investor confidence“. The […]

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The independent shareholders of Alphabet, Google’s parent company, overwhelmingly supported a shareholder resolution asking company management to recapitalise the share structure so that each share has one vote at its recent AGM (7th June). The resolution was put forward by NorthStar Asset Management, corporate governance activist and author James McRitchie, and activist investor John Chevedden […]

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Ukraine has adopted a long-awaited law which will improve the corporate governance of its joint stock companies (JSC) as well as the shareholder rights. Legal experts said that the changes will boost the prospects of foreign investment in Ukrainian companies as it will bring its corporate law more in line with the rest of Europe. The law became effective on […]

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Minority shareholders in Accor, were disappointed when their resolution was not passed at its AGM (5th May) meaning double voting rights continue for large investors in the hotel chain. French social investment firm, Phitrust Partners, advised by corporate governance and proxy voting specialists Proxinvest, submitted the resolution – calling for the principle of “one share – one vote” […]

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RBS ShareSoc shareholder committee

The Royal Bank of Scotland (RBS) has refused to back down on a decision not to allow a shareholder resolution, calling on the bank to establish a shareholder committee. The resolution, to be proposed at RBS’ AGM later this year, was proposed by 168  shareholders last December and is being coordinated by the ShareSoc, the UK Individual Shareholders […]

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Italian shareholder association formed

An Italian shareholder association has been formed to protect the group minority, with a particular focus on listed small and medium-sized enterprises (SMEs). The Italian Association for the Exercise of Shareholders’ Rights, AIEDA, has been set up by a group of professionals, managers and entrepreneurs with the aim of promoting good corporate governance and facilitating dialogue between listed companies directors […]

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