IA warns 32 FTSE All-Share 'worst offenders' of shareholder revolts

Response to public register data

clock • 2 min read

The IA has written to the "worst offenders" within the FTSE All-Share index, expressing concern they have failed to respond sufficiently to shareholder dissent on the exact same issues over a two-year period.

The 32 companies have appeared on the public register of the Investment Association (IA), which tracks shareholder dissent, for the last two years as a result of seeing opposition to the same resolutions in 2017 and 2018. This suggests that the companies did not respond sufficiently to investor views and in doing so are risking more shareholder dissent in the future, according to the IA. IA singles out FTSE 350 companies with poor gender diversity on boards Director of stewardship and corporate governance at the IA Andrew Ninian said: "We expect these companies to provide an update...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on UK

UK businesses to pay four times more for electricity than in 2020
UK

UK businesses to pay four times more for electricity than in 2020

Calls for Covid-style support for energy bills

clock 25 August 2022 • 1 min read
UK

IA Global sector enjoys record £934m sales in April

Reduced UK outflows

Sam Shaw
clock 06 June 2019 • 2 min read
UK

Dan Kemp: What UK investors can learn from the Champions League

Set new goals

Dan Kemp
clock 31 May 2019 • 3 min read