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Rbs Snub to Chris Philp MP and Next Steps

Gavin Palmer was at the Tory Party Conference and in discussion with Chris Philp, MP, where it emerged that Chris had written three times to RBS asking Sir Howard Davies, RBS Chairman why they were objecting to our shareholder resolution for a Shareholder Committee. Regular readers will be aware that it was Chris who wrote an excellent paper covering Shareholder Committees in September 2016 which received wide publicity. See http://highpaycentre.org/files/HPC_42_WEB_amend_-_Restoring_Responsible_Ownership.pdf Despite Chris’ best efforts, RBS rebuffed his questions and refused to share their legal ...

ShareSoc and the GDPR: help wanted!

As the director with responsibility for ShareSoc's IT systems, our board has asked me to look into the implications for ShareSoc of the new General Data Protection Regulation (GDPR). This regulation comes into force in May 2018, and there are severe penalties for non-compliance. GDPR completely overhauls the current Data Protection Act. I have had a preliminary look at the requirements for compliance and they seem rather onerous, even for a small organisation like ShareSoc. Considerable work is required to audit, document ...

ShareSoc fully supports the Better Finance Report on Pension Savings and its recommendations

ShareSoc is a member of the Pan-European organisation Better Finance and commented “This is an important report that highlights the harm that inadequate returns give to long term savers. High fees are also hurting returns. The UK Pensions Fund are valued at £3.8 trillion and are by far the largest in Europe. It is important that the UK lead the way in this area. The recent appointment by the FCA of Chris Sier to chair the panel on costs disclosure is another ...

Guidance for UK Boards on Stakeholders

Review and commentary by Cliff Weight ICSA: The Governance Institute and The Investment Association (IA) have launched guidance to help UK company boards ensure they understand and weigh up the interests of their stakeholders when making strategic decisions. Commentary: My view is • They have recommended 10 principles. Principle number 9 is important -“The board should report to its shareholders on how it has taken the impact on key stakeholders into account when making decisions.” - The Government will introduce legislation to this effect ...

A 6% Yield & Money Back in 2023, What’s Not to Like?

The answer to the question, in short, is "plenty" IMO. In this era of low interest rates, an investment offering a "guaranteed" 6% yield and return of capital after 6 years may seem appealing, superficially. Investors, however, need to dig a little deeper and examine the strength of that guarantee. This particular investment, being issued on behalf of Select Property Group, came to my attention as it is being offered by one of my brokers, YouInvest (and several other "intermediaries", including Saga Share ...

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