Investors ramp up pressure on executive pay and director re-elections

IA public register data

Investment managers ramped up pressure on investee companies in 2019 as 158 FTSE firms were added to the Investment Association's (IA) public register, with executive pay and director re-election continuing to top the list of concerns.

The register, which tracks FTSE All-Share companies that have received more than 20% of votes against any resolution at an AGM or EGM, saw a total of 298 individual resolutions being added in 2019, amounting to a quarter of all FTSE firms. Published today, the figures mark an increase from 2018 when 150 companies and 294 resolutions were added to the register. The data shows that 39 companies appear on the register for the exact same resolution in both 2018 and 2019. Executive pay issues saw 62 companies appearing on the register, 31 of which were from the FTSE 250 - an increase of ov...