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26 February 2018
At the request of the Department for Business, Energy & Industrial Strategy, the Investment Association(IA) has launched a public register of FTSE All-Share companies showing occasions where these companies have experienced substantial shareholder dissent i.e. where companies have received votes of 20% or more against any resolution or which have withdrawn a resolution before their AGM.
The purpose of the register is to identify companies who receive a high vote against or withdraw a resolution, and to understand the process used by those companies to identify and address their shareholders' concerns. The register also publishes links to any public statements made by those companies on how they are addressing those concerns.
In the period from 1 January to 15 December 2017:
The register represents a substantial piece in the move towards greater transparency and accountability in corporate governance by putting companies under close scrutiny by investors, the media and the wider public in general.
For further information on this topic please contact Andrew Glaze at Squire Patton Boggs by telephone (+44 121 222 3000) or email (firstname.lastname@example.org). The Squire Patton Boggs website can be accessed at www.squirepattonboggs.com.
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