As most of the UK basked in the sunshine last week, eight FTSE100 companies held their AGMs and all companies emerged relatively unscathed. The only company to slightly feel the heat was Experian. Experian received votes of 87.4% in favour for its policy report and 85.9% for its implementation report. Not disastrous, but probably not … Continue Reading
Despite it being only a couple of weeks since the December year-end FTSE100 companies’ AGM season finished (details on the results at that point were contained in our previous blog post), we have now begun the March year-end FTSE100 companies’ AGMs. Week one saw three FTSE100 companies hold their AGMs, with one of them resulting in our … Continue Reading
Without any FTSE100 companies’ DRRs being published or AGMs being held last week, interest in UK executive compensation activity came from a couple of other notable events. The World Cup, Wimbledon, the Tour de France, the British Grand Prix – and the approval of Mike Ashley’s incentive plan! – were all important sporting events taking … Continue Reading
Last week saw the last three AGMs of 31 December year-end FTSE100 companies take place, namely for Coca-Cola HBC, RBS and WPP (and all received at least 80% shareholder approval for both parts of the DRR). There was one other AGM (Tesco, which has a February year-end), and two DRRs were released (by SABMiller and … Continue Reading
Once again, it was an uncontroversial and quiet week in the FTSE100 directors’ remuneration report world. Last week, three March year-end companies published their DRRs and two companies held their AGMs. The three FTSE100 companies that published their DRRs in the week commencing 16 June were: Babcock International Group Johnson Matthey Severn Trent The shareholder … Continue Reading
As the eyes of the world turned to Brazil, the pace of DRR and AGM activity for FTSE100 companies slowed. The 2014 FIFA World Cup has got underway (despite local and international protests and corruption allegations), and we find ourselves approaching the end of the current season of FTSE100 DRRs and AGMs. As noted in … Continue Reading
Last week, the March year-end companies began publishing their DRRs, meaning it was the busiest week in a while for those involved in the world of executive compensation. The eight FTSE100 companies which published their DRRs in the week commencing 2 June 2014 were: British Land Company Burberry Experian J Sainsbury Marks & Spencer Group … Continue Reading
The only notable event in the FTSE100 Directors’ Remuneration Reports domain last week was the AGM of Travis Perkins. Its policy and implementation reports were both comfortably approved, with votes in favour of approximately 93.3% and 96.6% respectively. It’s fair to say that the quiet period in DRR issues continues (see last week’s blog post) … Continue Reading
As noted last week, the rate of FTSE100 AGMs has begun to slow down, with only five companies holding their AGMs last week. So how did those companies fare, and are the suggestions of a new shareholder spring warranted? Four of the five AGMs that were held last week saw shareholder support of over 90% … Continue Reading
As most sixteen to eighteen year-old British kids get stuck into the most important exams of their lives, how did the FTSE100 companies holding AGMs last week fare as shareholders announced their marks for fourteen Directors’ Remuneration Reports? In truth, this was a mixed week of results. Two companies (Petrofac and Melrose) were given low … Continue Reading
There were a further 12 FTSE100 AGMs last week and whilst for most companies both sections of the Directors’ Remuneration Report received a high vote in favour, a couple of companies felt the wrath of shareholders. Reckitt Benckiser Group’s implementation report was only approved by 68.5% of shareholders last Wednesday. The forward looking policy report … Continue Reading
Perhaps it’s no surprise that last week was a quieter one on the DRR front than the previous week. Shareholders had to contend with quite some volume of reading – over 250 pages of DRR being voted on in one week! At the 11 FTSE100 company AGMs last week, both sections of the DRR, (namely … Continue Reading
In the week that Vince Cable wrote to remuneration committees to urge them to “seize the opportunity to bring pay in line with performance” (see our blog post for details), a few FTSE100 companies were also encouraged by their shareholders to think carefully about pay packages that have been awarded. Those companies will also now need … Continue Reading
Investors and shareholders enjoyed a relatively peaceful four-day week last week, with only four FTSE100 companies publishing their DRRs (albeit Morrison released its DRR in the last hour of the financial week) and four FTSE100 companies holding their AGMs. The published DRRs in the week commencing 14 April 2014 were: Fresnillo G4S Legal & General Group Wm Morrison … Continue Reading
Last week was fairly eventful in the world of FTSE 100 Directors’ Remuneration Reports. Three DRRs were released, three DRRs were voted on, one addendum was published and a whole new EU executive pay regime was proposed. The three companies who published their DRRs last week were: Antofagasta Melrose Industries Next Admiral Group, BP and Smith … Continue Reading
Pearson has followed in the footsteps of Aberdeen Asset Management, Compass, Imperial Tobacco and TUI Travel, and has become the fifth FTSE 100 company to release a statement to clarify certain aspects of the remuneration policy after the publication of its DRR. What next? The full details of Pearson’s addendum are below. In short, the … Continue Reading
After the rush of Directors’ Remuneration Reports published last week, this week has been a bit quieter. We are left with only a handful of 31 December year end companies yet to publish their reports. The 10 companies that released their DRRs last week were: BG Group Capita Coca-Cola HBC IMI Mondi Old Mutual Prudential Reckitt … Continue Reading
This week we were up into double figures with a further 15 FTSE100 Directors’ Remuneration Reports being published. With 51 FTSE100 DRRs released so far, we now have over half of the index. The FTSE100 companies that published their DRRs in the week commencing 24 March were: Aggreko Aviva British American Tobacco Centrica GKN Meggitt Pearson Petrofac … Continue Reading
The high level of activity in the FTSE100 Directors’ Remuneration Reports world continued last week. A further 8 Reports were published, meaning we now have 36 FTSE100 DRRs. The FTSE100 companies that published their DRRs in the week commencing 17 March 2014 were: AstraZeneca Anglo American BAE Systems Glencore Xstrata Intertek Group ITV Persimmon Weir Group … Continue Reading
You may be disappointed if you were expecting consistency in the way FTSE 100 companies are reporting under the new Directors’ Remuneration Report Regulations (as The Large and Medium-sized Companies and Groups (Accounts and Reports)(Amendment) Regulations 2013 are more helpfully known). Surely, with all those rules and the endless guidance, there can’t be that much … Continue Reading
The rate of publication of FTSE100 Directors’ Remuneration Reports during the course of last week, whilst not at the level seen at the very start of the month, was pretty impressive. Another eight FTSE100 DRRs were released which, added to the nine released the week before and the eleven published prior to March, means we now have … Continue Reading
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 … Continue Reading
