Tag: shareholder votes
Europe sees 18% increase in shareholder revolts on executive pay
Spain saw the greatest opposition to remuneration-related resolutions, with 60.6% contested—an increase of 33.2% year on year.
BlackRock voting report reveals focus on independence and diversity
The fund manager voted against the reappointment of 6,560 directors around the world between the beginning of July 2020 and end of June 2021.
UK sees fall in number of shareholder votes against directors’ re-election
In H1 there have been 38 significant shareholder votes against individual directors, the lowest six-month total in four years.
Shareholder votes on climate action plans ‘more complex’ than expected
Report reveals that since 2019 only 32 companies have agreed to submit their climate action plans to a shareholder vote.
LGIM backs calls for ‘say on climate’ shareholder votes
Legal and General Investment Management (LGIM) wants companies to put their climate policies to a vote for investors.
NBIM set to publish voting intentions five days before company AGMs
The Norwegian sovereign wealth fund cites greater transparency as the motive for the policy change, after an earlier pledge to publish voting rationales.
Shareholders call for greater transparency on dividend policies
The Investment Association recommends all companies publish dividend policies after its research revealed 22% of FTSE-listed firms fail to seek an annual shareholder vote on distributions.
Investors fail to challenge CEO pay
Large shareholders have had the right to challenge executive remuneration in the UK since 2013, but research shows that no pay policies in FTSE 100 companies have been defeated by investor votes since the law was introduced.
Shareholder proposals gain ‘traction’ during US proxy season
Research reveals that average backing for shareholder proposals is on the rise, indicating that institutional investors are giving them more support.
Legal & General and investment group to ‘vote against’ non-diverse boards
Both Legal & General Investment Management and The Investment Association have fired warning shots at FTSE 350 boards to improve gender diversity, or face the consequences.