Tag: Voting rights
Dual-class shares have become ‘dual-class stock lite’
A consultation is under way on dual-class share rules after changes in 2021 ‘unlikely to move the needle’ on attracting new listings to London.
Investor body warns against virtual-only annual general meetings
Virtual-only AGMs can damage shareholders’ rights and reduce accountability, according to the International Corporate Governance Network.
BlackRock expands voting choice in response to investor demand
Voting will now be available to clients representing 47% of index equity assets globally, including 650 funds based in the US and UK.
ISS advocates AGM vote abstention for ex-Carillion audit chair Andrew Dougal
Governance adviser ISS recommends to clients they abstain from voting in favour of Andrew Dougal’s reappointment at Victrex, until his role in Carillion’s collapse is clarified.
MSCI extends investigation of non-voting shares
Index provider MSCI reveals it will broaden its consultation to “all forms” of unequal voting rights.
S&P bars companies from indices over voting rights concern
The US index will exclude new IPOs from their indices, where companies fail to offer investors voting rights. The move follows FTSE Russell’s decision to limit access after the controversial Snap IPO.