By Cliff Weight, ShareSoc Director
My comments on this report of the Business, Energy and Industrial Strategy (BEIS) Parliamentary Committee, published 26 March 2019, are:
This report very much endorses ShareSoc’s view that pay in FTSE 100 companies is too high, and probably most companies could recruit good executives for half the current rates of remuneration. We published our views in 2016 see ShareSoc’s remuneration guidelines see https://www.sharesoc.org/wp-content/uploads/2016/05/ShareSoc-Remuneration-Guidelines-Large-companies-2016.06.07-.pdf . We were ahead of the curve and it is good to see others ...
PRESS RELEASE 83 25/10/2016
ShareSoc (the UK Individual Shareholders Society) has today submitted its written evidence to the Business, Innovation and Skills Committee inquiry on corporate governance.
The goal should be to get more power back to the ultimate investors. This can be achieved by:
Ensuring that individual shareholders can exercise their rights, even if their shares are held in nominee accounts.
ShareSoc, if sufficiently well resourced, can play a role by ensuring that individual shareholders are educated about their rights and ...
I published a report on the Rolls-Royce Annual General Meeting (AGM) in the last ShareSoc newsletter and it is also on our Members Network. I wrote to the Chairman after the meeting complaining about his response to one of my questions where he suggested that the proxy votes were "overwhelmingly" in favour on all resolutions when one got only 87% support and another only 94% support. I pointed out that I had to ask about the figures because he was using ...