A quarter of the FTSE All Share companies faced shareholder wrath in 2019, with executive pay and director re-election continuing topping the list of concerns.
The analysis compiled by the Investment Association (IA) shows that in 2019 158 FTSE All Share companies were added to the IA’s Public Register, which tracks when there is a vote of over 20 per cent at an Annual General Meeting or General Meeting (GM), marking a significant shareholder dissent as investment managers look to hold companies to account to ensure they provide long-term returns for savers.
Executive pay continued to feature at the top of investors’ concerns with 62 companies appearing on the Register in 2019 for pay-related resolutions. In particular, 31 FTSE 250 companies appeared on the Register for such resolutions - an increase of over 29 per cent.
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