RBS

Small shareholders in bid to make RBS a better run company

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. ShareSoc ...

RBS Campaign Update 9 – Progress as at 13/12/2017

If you have not yet joined the campaign you can still do so, please click here to download the forms https://www.sharesoc.org/rbs-agm-2018-requisitions/ . EMAIL 1 sent out on 24 Nov 2017 and 80 new campaign members recruited. Resolution and Request for discussion finalised. Click here to see them. EMAIL 2 sent out on 9 Dec 2017 to all campaign members asking them to sign the forms and return them to us. 30 received so far. We need at least 100 ...

RBS in the firing line as ShareSoc renews campaign

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 Open Letter to the board of RBS Group

Press Release 98 – ShareSoc Open Letter to the board of RBS Group For immediate release: ShareSoc has written an open letter to the Board of the RBS Group addressing unresolved issues that continue to concern individual shareholders. Please see below and contact Cliff Weight on cliff.weight@sharesoc.org for more information. SHARESOC OPEN LETTER October 2017 TO THE BOARD OF RBS GROUP Shareholder Resolutions for 2018 AGM Since ShareSoc first engaged with you on 12 December 2016 there have been several positive developments which we recognise and ...

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 ...

Obituary – Steve Marshall

The Daily Telegraph ran a lengthy obituary on Steve Marshall today, who died recently at the young age of 60. It covered his financial career in a not particularly complimentary way although some might say he took on a lot of difficult positions. He first came to public prominence when he became CEO of Railtrack after Gerald Corbett was forced to resign, despite having minimal experience of the railway industry. Railtrack was part of the former British Rail that had been privatised ...

RBS Shareholder event hijacked by other stakeholder groups

RBS announced excellent results today (4/8/17) and their share price soared 4% to £2.67 in early trading. For detailed commentary see http://www.telegraph.co.uk/business/2017/08/04/rbs-posts-rare-half-year-profit-eyes-amsterdam-move-staff/ . Things are looking better. The RBS...

RBS Shareholder Event on 31 July

I am looking forward to the RBS Shareholder Event on Monday 31 July in London. RBS had dropped regular shareholder briefings, but, following our shareholder committee campaign, have now reinstated...

RBS Shareholder Committee Campaign Update 5

This note has been issued to the campaign supporters. Thank you for help and support so far. I am writing to update you on progress, which is very disappointing. I expect some of you will not read all of this long post and quite understand if you only read part: for those who wish to, I have included my full report on the RBS AGM below. RBS refused to put our resolution on the AGM Agenda. Mark Northway, ShareSoc Chairman and Cliff Weight, ...

RBS Potential Settlement: Where’s the Justice?

It seems that the major players in the RBS Action Group have accepted the latest RBS offer. See http://files.constantcontact.com/2fe662f5101/de78446f-b327-4d5e-9eee-5fcd584c7e8c.pdf This has, in effect, enabled RBS to bully the small individual shareholders into also accepting the settlement. I say “bully” because RBS are threatening anyone who pursues the case to risk having costs awarded against them. So now the case will be settled. No-one will be found guilty. RBS will pay out £800 million (of shareholders’ money) to a group of its shareholders without ...