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. …… continue reading >>
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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 >> Mergers frequently result in large one-time payouts to executives of the acquired company, through change-in-control payments and acceleration of equity awards. Several recent mergers, however, have highlighted how significant those deferred costs can be for shareholders. Executives at oilfield-services company BJ Services, which is being acquired Baker Hughes in a cash-and-stock deal …… continue reading >> An analysis of company-selected compensation peer groups at S&P 500 companies reveals some clear favorites. 3M Co. tops the list, selected as a peer by 11% of the 374 companies that disclosed in their 2009 annual proxy statements a peer group of up to 35 companies. Six other firms – Johnson & …… continue reading >> European companies fail to link executive pay to environmental, social, and governance (ESG) performance according to new research published by Eurosif (European Sustainable Investment Forum). The report, produced in association with an investor-led steering committee including Groupama Asset Management, Henderson Global Investors, MACIF Gestion, PhiTrust Active Investors, Robeco and Société Générale Gestion, highlights what EUROSIF sees …… continue reading >> The 2009 update to the ABI Guidelines on Executive Remuneration will be a disappointment to many investors. The amended guidelines fail to deal with some of the key structural deficiencies in executive pay practice and guidance – a contributory factor to the downturn – although the ABI has inserted 53 words to …… continue reading >> As shareholders are asked to get more involved with executive pay monitoring, the problem for many investors is how to judge what is reasonable - traditional bonus plans have resulted in plans which are not aligned with performance. Basing bonuses on stock prices exposes them to external factors, including irrational behaviour that can also …… continue reading >> The nickel producer and explorer, Western Areas, saw its remuneration report defeated at its AGM on 6 November, as Australia’s stormy AGM season continues.The voting saw 52.5% vote against with a further 2.3% in abstentions. Four other remuneration-related resolutions were withdrawn in light of overwhelming opposition (by more than 2 to 1) …… continue reading >> |
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© 2012 Manifest - The Proxy Voting Agency | ISSN 1745 - 1132 | |
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