Cliff Weight

ShareSoc Highlights Investor Concerns to Select Committee

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 ...

WPP Pay and AGM Report

So 33% of investors in WPP voted against Sir Martin Sorrell's pay package of £70 million for last year at yesterday's AGM which made him the highest paid FTSE CEO. That has been reported in the financial media as indicating strong dissatisfaction with the figure, but surely the really astonishing aspect is that obviously 66% voted in favour (and that's ignoring the abstentions). It seems 66% of the mainly institutional voters think that pay at that level is perfectly reasonable! Or perhaps ...

All FTSE-100 CEO Pay Too High

ShareSoc Director Cliff Weight was interviewed on Bloomberg this morning (prior to the WPP Annual General Meeting). He suggested all FTSE-100 CEO pay was too high and it was damaging shareholder returns. Click on this link to see the video: http://www.bloomberg.com/news/videos/2016-06-08/all-ftse-100-ceo-pay-too-high-says-weight ShareSoc previously issued this press release on pay at WPP: https://www.sharesoc.org/pr79-wpp-remuneration.html and advised shareholders to vote against the Remuneration Report at the AGM. We have also recently issued our Guidelines for Remuneration in public companies which suggested pay is generally excessive in ...
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