RECKITT BENCKISER GROUP PLC (RB.)

RECKITT BENCKISER GROUP PLC (RB.)

Blog posts

Pay at Weir, Reckitt-Benckiser and WPP

Yesterday saw Weir Group Plc defeated on pay. Both the Remuneration Report and Remuneration Policy resolutions were lost with 73% and 70% of votes AGAINST them respectively. This is a very damning blow to this FTSE-250 company which makes pumps for the mining and oil markets. The company subsequently issued a grovelling apologia for the proposals they had tried to implement which included a "stock awards" scheme that was based on share price performance rather than more direct performance criteria (such as ...

AGM Reports

Reckitt Benckiser (RB.) AGM 2018

On 3 May 2018, I attended the Annual General Meeting of Unilever in the Marriott Hotel, near Heathrow airport, which started at 11.15 AM. The previous day I had attended the Unilever AGM so it is interesting to compare these two companies Unilever Reckitt Market cap about £110bn £40bn Turnover Euro 54bn £11.5 bn Profit after tax of Euro 6.5 bn £3.4 bn Dividend increase 8% 7% Profit margins 17% 59.7% Return on capital 19% (ROIC) 10% (ROCE)     I was the proxy for DSW (the German equivalent of UKSA/ShareSoc) whose members held some 217,000 RB shares and wanted someone from either UKSA ...

Reckitt Benckiser (RB.) AGM Report 2016

I attended the AGM on 5 May. I was interviewed by the BBC TV beforehand who covered the Reckitt story in their 1pm News program. The BBC were also interviewing shareholders, who were willing to speak to them, as they entered the building where the AGM was held. There were also a group of demonstrators outside. There were about 200 to 300 present at the AGM. The Chairman opened the meeting and commented on the great results, noting the 23% total shareholder return ...

ShareSoc News

ShareSoc Advises Investors to Vote Against Reckitt Benckiser Remuneration

PRESS RELEASE 77 29/4/2016 ShareSoc (the UK Individual Shareholders Society) is advising its Members to vote against the Remuneration resolutions at the forthcoming Annual General Meeting of Reckitt Benckiser (RB) on 5th May. RB has performed very well in terms of shareholder returns since 2000. However, in ShareSoc’s view: The remuneration of the CEO Rakesh Kapoor is indefensibly high (£23 million in 2015, £56 million since his appointment). This level of remuneration seems even more egregious when viewed against the background of Kapoor’s potential ...

Corporate Remuneration Reports

Reckitt Benckiser Remuneration Report 2016

Attached is the Manifest Report, who give the Reckitt Executive Remuneration grade 'E’ (on scale A =good to F=awful) ShareSoc is advising its Members to vote against the Remuneration Report resolution at the forthcoming Annual General Meeting of Reckitt Benckiser (RB) on 5th May. RB has performed very well in terms of shareholder returns since 2000. However, ShareSoc consider: the remuneration of the CEO Rakesh Kapoor to be unnecessarily high (£23 million in 2015 and £56 million since he was appointed CEO), ...