As expected, the first week of March was a hectic one in the world of Directors’ Remuneration Reports. Nine, yes nine, FTSE100 companies’ DRRs were released during the five working days, almost doubling the number of companies to have issued their reports thus far. No doubt these DRRs formed detailed weekend reading for Remuneration Committee members of other companies that are looking to monitor developing market practice.
We are maintaining a single source document that contains links to all of the FTSE100 DRRs as they are published, together with records of shareholder voting at AGMs. We will continue to update this through the coming weeks, and will post weekly summaries to help keep you up-to-date.
For completeness, the FTSE100 companies that published their DRRs in the week commencing 3 March 2014 were:
- ARM Holdings
- International Consolidated Airlines Group
- Lloyds Banking Group
- Rolls-Royce Holdings
- Smith & Nephew
And don’t forget PIRC’s updated UK Shareholder Voting Guidelines 2014 were also released last week. The timing means that the Guidelines are a little late for the above companies to take into account, but for those still drafting, our blog alert highlights some of the key points.