Rely on the most comprehensive, up-to-date legal content designed and curated by lawyers for lawyers
Work faster and smarter to improve your drafting productivity without increasing risk
Accelerate the creation and use of high quality and trusted legal documents and forms
Streamline how you manage your legal business with proven tools and processes
Manage risk and compliance in your organisation to reduce your risk profile
Stay up to date and informed with insights from our trusted experts, news and information sources
Access the best content in the industry, effortlessly — confident that your news is trustworthy and up to date.
Find up-to-date guidance on points of law and then easily pull up sources to support your advice with Lexis PSL
With over 30 practice areas, we have all bases covered. Find out how we can help
Our trusted tax intelligence solutions, highly-regarded exam training and education materials help guide and tutor Tax professionals
Regulatory, business information and analytics solutions that help professionals make better decisions
A leading provider of software platforms for professional services firms
In-depth analysis, commentary and practical information to help you protect your business
LexisNexis Blogs shed light on topics affecting the legal profession and the issues you're facing
Legal professionals trust us to help navigate change. Find out how we help ensure they exceed expectations
Lex Chat is a LexisNexis current affairs podcast sharing insights on topics for the legal profession
Discuss the latest legal developments, ask questions, and share best practice with other LexisPSL subscribers
This week’s edition of Corporate highlights includes the Pension and Lifetime Savings Association’s updated edition of the Corporate Governance Policy and Voting Guidelines and its AGM Voting Review, and the setting up of a new industry group to develop corporate governance principles for large private companies.
The Pensions and Lifetime Savings Association (PLSA) has published its corporate governance policy and voting guidelines 2018. The guidelines provide its members with examples of good stewardship practice and recommendations for key votes at the annual general meetings of their investee companies, on subjects such as executive pay, the re-election of directors and the approval of the annual report. This year's guidelines continue to relate to the current application of the UK Corporate Governance Code, rather than the reforms proposed by the Financial Reporting Council (FRC) in December 2017.
The 2018 Guidelines include an additional section on sustainability which recommends that, where shareholder attempts have failed to encourage companies in relevant sectors to provide a detailed risk assessment and response to the effect of climate change on their business, they should not support the re-election of the chair. This additional section follows on from work that the PLSA did in 2017, when it produced guidance for pension funds on the economic implications for climate change. The paper recommended that pension funds question their asset managers on how they are engaging with investee companies over the impact of climate change, including their use of votes at company AGMs.
For further information, see: LNB News 26/01/2018 89.
The PLSA has also published its AGM voting review which examines AGM results for the FTSE All Share Index in 2017. The report examines the results and causes of shareholder dissent for FTSE 350 companies during 2017. The PLSA is concerned with the strategy, governance and culture of these companies, and
Access this article and thousands of others like it free by subscribing to our blog.
Read full article
Already a subscriber? Login
0330 161 1234