The National Employment Savings Trust (NEST) has appointed The Co-operative Asset Management (TCAM) and Manifest to support its responsible investment strategy. In an innovative joint tender, TCAM and Manifest outlined an robust solution to manage and develop NEST’s evolving stewardship responsibilities.
TCAM, which currently has over £20 billion of assets under management, offers a distinctive responsible investment approach More…
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 average closing share price for More…
One of the suggestions made by Vince Cable when answering his parliamentary question in the House of Commons yesterday in relation to his proposals to address executive pay, was that the remuneration report may be subject to a higher support threshold than currently. This has some echoes of Australia’s two-strikes rule, which states that More…
Since we published data on the number of executive directors in the FTSE 100 sitting on remuneration committees of other FTSE 100 companies, a common question we received was … what if you look beyond the FTSE 100? So we have re-run the numbers, looking at the FTSE All-Share (i.e. FTSE 100, FTSE 250 More…
Last week, in a speech at a High Pay Commission seminar, the shadow business secretary Chuka Umunna and former Business Secretary Lord Myners both put forward arguments in favour of shareholder nomination committees as a way of improving corporate governance. Rather than the current UK model whereby the Nomination Committee is made More…
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 “Today” to declare he More…
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 is in grave danger if More…
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