About
Representation
View all Representation →Consultations- Digitisation Taskforce – Final Report
- FCA Consults on Fund Product Information and Cost Disclosure CP24/30 – ShareSoc Responds
- FRC Consults on UK Stewardship Code – ShareSoc Responds
- FCA Consultation – Modernising Redress
- HMRC Consultation – IHT on Pensions
- ShareSoc Evidence to Lords on FCA Enforcement
- ShareSoc supports FCA proposal for criminal background checks on owners and controllers of financial institutions
- UK ISA: ShareSoc submits consultation response
- FCA Consultation on Enforcement Practice & Transparency
- ShareSoc response to House of Commons Education Select Committee
- UKSA and ShareSoc Submission to Labour Party Review of Financial Services
- FCA Consultation GC23/2 Financial Promotions on Social Media
- VIEW ALL CONSULTATIONS
Education
Events
View all Events →Upcoming Events- Oct27SIGnet North Leeds / Harrogate / Skipton Group Launch Meeting
- Oct27Asset Match webinar on PISCES: what it means for liquidity in private company shares
- Oct30ShareSoc Webinar with JPMorgan Asia Growth & Income plc (JAGI)
- Nov2The future of share ownership and corporate reporting: what investors need to know
- Forums
Blogs
Latest Blogs
Foresight 4 VCT – Big Changes Needed at the AGM
Post Date: September 10, 2017
ShareSoc recommends that shareholders vote against the re-election of Raymond Abbott and Michael Gray and against the re-appointment of KPMG.
(NOTE: If you have already voted in favour, its not too late to change your vote and resend your proxies. Additional form(s) of proxy may be obtained by contacting Computershare Investor Services plc on 0870 703 6385.)
BACKGROUND OF FAILURE
Foresight 4 VCT has a litany of past failures in investment performance and corporate governance.
It made major £30m errors in several reserves in its accounts ...
Another Fat Cat Payoff at Hunting
Post Date: September 1, 2017
On 7th April, Hunting announced the retirement of CEO Dennis Proctor: https://www.investegate.co.uk/hunting-plc--htg-/rns/retirement-of-dennis-proctor-as-chief-executive/201704070700088531B/
This follows a very difficult period for the company and its shareholders, as it suffers from sharp cutbacks in CAPEX by the oil & gas industry.
I was shocked to read this today: https://www.investegate.co.uk/hunting-plc--htg-/rns/directorate-change-and-remuneration-disclosure/201709010700054964P/
A payment of US$1,688,350 will shortly be made to Mr Proctor which includes US$785,600 related to his service contract obligations with the balance reflecting a settlement in connection with the cessation of employment.
(in addition to which Proctor retains ...
Vested Interests Win a Battle… but We Will Win the War!
Post Date: August 30, 2017
In a speech made in 2016, Theresa May said:
...And I want to see changes in the way that big business is governed. The people who run big businesses are supposed to be accountable to outsiders, to non-executive directors, who are supposed to ask the difficult questions, think about the long-term and defend the interests of shareholders. In practice, they are drawn from the same, narrow social and professional circles as the executive team and – as we have seen time and ...
Another Financial Services Scandal: Broker Fined
Post Date: August 20, 2017
A second Broker that has been fined by the Securities and Exchange Commission for years of committing ADR Securities Violations.
This is yet another example of the unacceptable behaviour and bad culture that has pervaded far too many financial services organisations (and arguably still does). In this case Banca IMI Securities Corp issued ADRs even though it did not own the underlying shares. This made it possible for such ADRs to be used for inappropriate short selling or inappropriate profiting around dividend ...
Telit: Warning Signs in the Remuneration Report
Post Date: August 14, 2017
Today the CEO, Cats, has left Telit.
Trust between shareholders and the company is fundamental. Cats lied to the company and the company failed to disclose relevant information to its shareholders.
Cats was paid $3.37 million in 2016 made up of $1.63m salary and bonus of $1.74m. ShareSoc remuneration guidelines suggest £300k to £500k as a guideline for a company of this size c £250 million turnover. Cats owned 16 million shares and also has share options. So, such a large pay package ...
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