The number of UK firms facing shareholder rebellions rose by a quarter in the 2018 AGM season, with opposition to director re-elections more than doubling on the same time last year, research from the IA's public register reveals.
The register was launched in August 2017 in response to the UK government's consultation on corporate governance reform, with the trade body charged with establishing and maintaining a list of FTSE All-Share companies that have received more than 20% of votes against any resolution at an AGM or EGM. It was launched with the intention of bringing attention to companies that have received a significant vote against motions and to track whether and how they are responding to shareholder concerns. The register has seen 65% of firms added to it made a public statement at the time of their ...
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