Corporate weekly highlights—28 June 2018

Corporate weekly highlights—28 June 2018

Corporate weekly highlights—28 June 2018

This week’s edition of Corporate highlights includes Investment Association analysis of increasing shareholder concerns over director accountability, investors’ calls to reassess how performance metrics are reported, and the Royal Assent of the European Union (Withdrawal) Bill. We have also recently published a checklist summarising the reporting requirements for different categories of companies under the draft Companies (Miscellaneous Reporting) Regulations 2018.

In this issue:

Corporate governance

Shareholder concerns over director accountability are on the rise

Investment Association (IA) analysis has found that, at the midway point of the 2018 AGM season, shareholder concerns over director accountability are increasing. The analysis shows that 94 companies have been added to the Public Register in 2018, 34 of which were added due to director-related resolutions, compared to just 21 at the same point in 2017, an increase of 62%.

Other key points include:

  1. a total of 94 companies have been added to the Public Register in 2018 (being the register established and run by the IA of FTSE All-Share companies which have received more than 20% votes against any resolution at an AGM or GM and which also includes details of any shareholder resolutions which were withdrawn by a company prior to the relevant AGM or GM)
  2. the number of individual director-related resolutions with more than 20% votes against rose from 27 in 2017 to 54 in 2018
  3. there are 28 instances of companies appearing on the Public Register in 2017 and 2018 for the same resolution, and
  4. 74% of companies added to the Public Register so far in 2018 (55% in 2017) acknowledged shareholder dissent in their AGM results and spelled out actions they intend to take, indicating that the Public Register is effective in

Subscription Form

Related Articles:
Latest Articles:

Already a subscriber? Login
RELX (UK) Limited, trading as LexisNexis, and our LexisNexis Legal & Professional group companies will contact you to confirm your email address. You can manage your communication preferences via our Preference Centre. You can learn more about how we handle your personal data and your rights by reviewing our  Privacy Policy.

Access this article and thousands of others like it free by subscribing to our blog.

Read full article

Already a subscriber? Login

About the author: