Peak Season for Share Voting Professionals – in Westminster

Never mind the peak meeting season, the past few days has seen a flurry of activity in Westminster which will have a bearing on aspects of shareholder voting and corporate governance in the UK.

On Tuesday, the Treasury Select Committee heard evidence from Baroness Hogg, Chairman, and Peter Montagnon, Senior Investment Adviser, both of the Financial Reporting Council, as well as from Sir David Walker, as part of the inquiry into corporate governance and remuneration.… Read the rest

Deutsche Bank – why you actually might not want to vote at all

The upcoming AGM of Deutsche Bank AG is looming large in many shareholders minds now. With the long running succession planning debate at the company leading some proxy advisors to publicly recommend opposition to ratification of the supervisory board acts, combined with countermotions tabled for director elections, there’s plenty for shareholders to consider.… Read the rest

The High Pay Debate – Where Next?

As the so-called “Shareholder Spring” moves into the summer, the question most people are asking is “Where next?”

Secretary of State Vince Cable has laid down a marker for future legislation on a binding vote on remuneration policy. Given that this is the UK’s third attempt at addressing executive pay issues(Greenbury, 1995; Directors’ Remuneration Report Regulations, 2002) there’s a feeling that what has gone before hasn’t worked.… Read the rest