As part of our campaign to improve the AIM market, ShareSoc Director Mark Bentley has today written to the Head of AIM inquiring what actions the AIM regulatory team is taking to investigate whether scams of the type alleged by US authorities have been conducted on the AIM market, which seems highly likely to us, and lies at the root of why we are seeking reform of AIM regulation.
See this blog post for details of the allegations. Today's letter can be seen ...
Press Release 102 - Joint Press Release from UKSA and ShareSoc
RBS Confirms Shareholder Committee Resolution will be put to AGM Vote
* RBS has accepted our requisition of a Shareholder Resolution. There will be a debate and vote on the establishment of a shareholder committee at the May 2018 RBS AGM.
* Opportunity for RBS to lead UK plc in the first establishment of a formal shareholder committee. Sweden has 20+ years of positive experience with shareholder committees; lessons can be learned from ...
Great news from RBS! RBS have agreed to have our resolution put to the AGM.
UNFORTUNATELY, they will only agree to this, if the resolution is a SPECIAL Resolution rather than an ordinary one. That means that we will have to resubmit our requisitions for the special resolution.
So, if you own RBS shares, please complete the new Special Resolution Requisition form, which you can download from the ShareSoc website, click here.
Getting the shareholder resolution on the RBS AGM agenda is a huge ...
The item below is ShareSoc and UKSA's joint response to a request for comment from the BEIS parliamentary select committee on Corporate Governance regarding events at Carillion.
Click here to read the PDF version.
5 February 2018
BEIS Committee on Corporate Governance
Carillion and implications
Please note this is a joint response on behalf of UKSA and ShareSoc
We understand that the Select Committee, along with the Work and Pensions Committee, is looking at the collapse of Carillion at the moment. So, we are ...
Press Release 101 - ShareSoc Requests Investigation into the Affairs of Blancco Technology Group
ShareSoc (the UK Individual Shareholders Society) is requesting the Financial Conduct Authority (FCA) and the Financial Reporting Council (FRC) to investigate certain issues concerning Blancco Technology Group plc (BLTG), an AIM listed software company specialising in data erasure.
Shareholders in the company have been financially devastated by the collapse in the share price following the reporting of several accounting issues at the company. As a result the share price ...
Update 10 29/12/2017 - 161 forms submitted, press release issued and huge media coverage
Today I travelled to London to deliver the 161 signed forms to RBS. Yesterday, we issued a press release. Radio 4 reported on it in their Business Briefing at 6.25am. There were lots of press stories.
Cliff Weight Delivers Requisitions to RBS
We thought the press coverage today was balanced. We have worked well (together with RBS people) in avoiding the negative publicity that occurred earlier in the year. This is ...
Press Release 100 – RBS in the firing line as ShareSoc renews campaign
RBS Shareholders Requisition Shareholder Resolution for a Shareholder Committee.
Over 100 shareholders in the Royal Bank of Scotland (RBS) have requisitioned a resolution to install a "Shareholder Committee" at the company, which will include shareholder representatives, to improve the corporate governance and shareholder engagement at RBS.
RBS will now have to put this proposal to a vote at their Annual General Meeting (AGM) in May 2018.
The FRC has launched a consultation on the Corporate Governance Code. https://www.frc.org.uk/consultation-list/2017/consulting-on-a-revised-uk-corporate-governance-co
The FCA has launched a Consultation on Competition https://www.fca.org.uk/publication/corporate/our-approach-competition.pdf
ShareSoc will most likely be making a joint response with the UK Shareholders’ Association to both of these consultations.
You are welcome to send your views to firstname.lastname@example.org . Peter Parry and I will consider them in making our response.
You are also welcome to submit your own comments/response directly to the FRC/FCA, but please state that they are your views (you cannot assume that ...
Press Release 99 – RBS in the firing line as ShareSoc renews campaign
Individual investors expected to join ShareSoc’s new requisition for a Shareholder Committee at the Royal Bank of Scotland
- As last year, ShareSoc will be requisitioning a resolution for a Shareholder Committee at the 2018 RBS AGM
- This year's resolution addresses the trivial legal objections previously raised by RBS. ShareSoc is confident that RBS will be obliged to put the resolution to the AGM
- ShareSoc is rallying ...
ShareSoc's response to the FRC’s consultation on non-financial reporting guidance is in this document: FRC Strategic Report Consultation Response