The number of UK firms facing shareholder rebellions rose by a quarter in the 2018 AGM season, with opposition to individual director re-elections more than doubling from the same time last year, research from the Investment Association's (IA) public register reveals.
The register was launched in August 2017 in response to the UK government's consultation on corporate governance reform, with the trade body charged with establishing and maintaining a list of FTSE All-Share companies that have received more than 20% of votes against any resolution at an AGM or EGM. IA: UK company directors face mounting 'shareholder rebellion' It was launched with the intention of bringing attention to companies that have received a significant vote against motions and to track whether and how they are responding to shareholder concerns. The register has seen 65% ...
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