https://www.googletagmanager.com/gtag/js?id=G-0XR6Y9027Qscript>

Wall Street Journal: Shareholder Revolts Over Pay Still Rare

7 January 2010

Sarah Wilson

EU regulation

The Wall Street Journal and Financial News have picked up Manifest's recent article on remuneration report defeats. As highlighted in our posting on the Punch Taverns they joined a select list of five FTSE All Share companies to have seen their remuneration reports defeated.

As the article states, getting company owners to vote at the ballot box is only the first step in a complicated process to bring about change in large companies. Commenting on how investors use the remuneration vote, Manifest CEO Sarah Wilson said: "While Myners and Walker are looking for shareholders to become more engaged through the FRC Stewardship Principles, a vote without any supporting dialogue or feedback is a pretty blunt instrument. The trick of making the Stewardship Principles work will be for a more joined up strategy which integrates the governance and investment approaches so that companies can be left in no doubt as to what they need to do."


Links

Please note, the following links are subscription only

Wall Street Journal >>

Financial News >>  

Latest News

SHareholder meeting

ISSB sets direction for TNFD-aligned reporting

SHareholder meeting

2026 UK Proxy Season: targeted shareholder dissent yields boardroom fallouts

SHareholder meeting

Minerva Proxy Update

SHareholder meeting

SEC plans to dismantle shareholder governance infrastructure

SHareholder meeting

SFDR reset progresses, but credibility gaps remain

SHareholder meeting

China’s 80% ESG rule forces a reset for public funds

Featured Briefings

Minerva Briefing

UK Proxy Season Review 2026

Minerva Briefing

Australia Proxy Season Review 2025

Minerva Briefing

2026 Proxy Season Preview

Related Stories

ES issues gaining more support from female fund managers

February 10, 2023

Elizabeth Pfeuti

Read More

Audit-related voting still rare

March 25, 2019

Editor

Read More

Compass Group AGM: 37% dissent on “overboarded” NED

January 31, 2019

Editor

Read More

Australia's 2017 AGM season "less tumultuous" than 2016

February 2, 2018

Editor

Read More

Indian Proxy Season 2017: A tipping point for shareholder activism

December 4, 2017

Editor

Read More

South Africa: Investors ready to oppose auditor re-appointments

September 17, 2017

Editor

Read More