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ShareSoc Welcomes Corporate Governance Review

Post Date: November 29, 2016

ShareSoc has issued the following Press Release: ShareSoc (the UK Individual Shareholders Society) welcomes the Government's announcement today of a review of Corporate Governance in both public and larger private companies. It is good to see that the Green Paper both discusses the problems of executive pay and the influence of stakeholders other than shareholders on businesses while setting out a number of options for further reform. As regards director pay, the document makes clear that despite more obligations on companies on ...

Inconvenient AGM Times – Proactis

Post Date: November 28, 2016

Yet another example of an inconvenient date/time for an AGM is Proactis Holdings (PHD) - see previous blog posts covering the same issue at Dunelm and DX Group. Proactis have called their Annual General Meeting for 9.30 am on the 19th December in Wetherby (Yorkshire). That is a Monday morning of the week before Christmas to begin with, and the time makes it very difficult for most investors to make it without staying overnight. Wetherby may be an acceptable location, but a time ...

ShareSoc Highlights Investor Concerns to Select Committee

Post Date: November 25, 2016

ShareSoc (the UK Individual Shareholders Society) was asked to give evidence to the Business, Energy, Innovation and Skills (BEIS) Select Committee Inquiry on Corporate Governance. Cliff Weight represented ShareSoc at the inquiry on the 23rd November. You can watch the session in which he appears by clicking on this link (Cliff appears in the second half of the session): http://parliamentlive.tv/Event/Index/053aad45-73c6-43e4-9d36-fd43c3850b60 Here is a summary of some of the points he and other witnesses made: Cliff indicated that individual shareholders are under-represented: The views of ...

Chancellors Autumn Statement – How Does It Affect Investors?

Post Date: November 24, 2016

The Chancellors Autumn Statement yesterday was effectively a cold shower for those who might be positive about the economy. Government debt is going to be allowed to rise so...

No More Dividend Cheques From Aviva

Post Date: November 23, 2016

It has been brought to my attention that insurance company Aviva (AV.) are to stop paying dividends via cheque. Unless shareholders supply bank account information and accept direct payments into them, they will not get paid their dividends in future. This particularly affects those shareholders who hold their shares in certificated form or as personal crest members where payment by cheque is the default method. Another company that introduced this rule a year or two back was Vodafone, despite the objections of ...