IA warns 32 FTSE All-Share 'worst offenders' of shareholder revolts

Responding to public register data

The Investment Association (IA) has written to the "worst offenders" within the FTSE All-Share index, expressing concern that they have failed to respond sufficiently to shareholder dissent on the exact same issues over a two-year period.

The 32 companies have appeared on the IA's public register, which tracks shareholder dissent, for the last two years as a result of seeing opposition to the same resolutions in 2017 and 2018. IA: UK company directors face mounting 'shareholder rebellion' This suggests that the companies did not respond sufficiently to investor views and in doing so are risking more shareholder dissent in the future, according to the IA. Director of stewardship and corporate governance at the IA Andrew Ninian said: "We expect these companies to provide an update statement to their shareholders on th...