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Today’s announcement by Cairn Energy that it will withdraw resolution 2 at its General Meeting next week, demonstrates that shareholders can act on egregious pay awards when they really want to. Cairn had proposed the award of shares to Sir Bill Gammell with a value of £2.5m (based on …… continue reading >> Journalists and politicians must not have enough to do in the post-Christmas dip. “Action looms to curb executive pay” proclaims the FT on January 5 the day before the UK’s Prime Minister David Cameron devotes precious prime time on Radio 4′s flagship breakfast talk show …… continue reading >> Whether it’s a case of “In war, truth is the first casualty” or “Lies, damned lies, and statistics”, sound arguments for reform can easily be undone by the careless use of dodgy data to fit a chosen position. The debate around reform of executive remuneration …… continue reading >> Manifest Research Manager Alan Brett highlights some of the key issues raised in a recent Manifest report “Say on Pay a Global Perspective”. With the volatility and uncertainty surrounding equities as an asset class worldwide, there has been an increased focus on executive pay, particularly where it has been apparent that the …… continue reading >> What to do when shareholders elect not to vote on a resolution? Recent legal developments in Australia have raised interesting questions about the common practice of the chairman voting undirected proxies for say-on-pay resolutions. In the majority of markets with developed shareholder voting procedures, for each proposal, the shareholder has three choices; …… continue reading >> An analysis by Manifest of voting trends on the remuneration report since its introduction in 2003 has revealed the FTSE 100 companies with the greatest level of shareholder dissatisfaction, on average, over the period. The list includes some companies where there has been one very large dissenting vote, but the more interesting …… continue reading >> Shareholders of JD Sports Fashion plc will note a massive 66% salary increase awarded to the executive chairman (from £423k to £700k) when considering the company’s remuneration report. Additionally, the remuneration committee is seeking shareholder approval for the chairman’s proposed cash-based long-term incentive award with a face value of £3.5m. The vesting …… continue reading >> |
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© 2012 Manifest - The Proxy Voting Agency | ISSN 1745 - 1132 | |
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