Tag: executive remuneration
Shareholders ‘don’t understand executive remuneration policies’
New research shows shareholders tend to approve remuneration policies while rejecting subsequent remuneration reports, suggesting a lack of clarity on how such policies work.
Asset manager urges separation of chair and CEO roles
A survey by Union Investment has revealed that 14 members of the Euro Stoxx 50 continue to combine chair and CEO roles, including high-profile companies such as luxury goods brand LVMH.
Governance and executive pay at heart of IFS Deaton inequalities review
Launch of review into inequalities in the UK by Sir Angus Deaton points to “weak governance” and rising executive remuneration as key areas of concern.
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.
Shareholders focus attention on diversity and climate
ESG issues such as diversity and climate are becoming critical issues for shareholder engagement, according to a report from Legal and General Investment Management.
Investors tougher on pay in latest voting season
Figures reveal that shareholders have hardened their response to remuneration reports, with more registering their opposition.
Shareholders reject Royal Mail’s remuneration report
More than 70% of shareholders voted against the remuneration report for Royal Mail in one of the largest investor revolts seen by a UK-listed company.
Investor urges boards to embrace worker representation set out by new code
Hermes chief executive Saker Nusseibeh is pleased the new UK Corporate Governance Code sets out a number of paths that boards can follow to improve worker representation.
Board chairs offered extension on nine-year terms in new code
New corporate governance code tackles independence of chairs, remuneration committee responsibilities and corporate culture.
Outgoing Carrefour chief gives up €4m of retirement package
Outgoing chief executive of French supermarket chain Carrefour, Georges Plassat, cuts his retirement package by €4m after public criticism.