UK - Two shareholder meetings are of significance in the next two weeks, according to corporate governance specialists Institutional Shareholder Services (ISS).
Forever Broadcast holds its agm on February 25. John Josephs, who is up for re-election at the meeting, is an executive director who serves on the board’s audit and remuneration committees. M&G Investment Management holds 6% of the company’s issued stock, Scottish Widows Investment Partnership 4% and Fidelity Investments 4%.
Insurance group Bradstock holds its agm on February 27. The roles of chairman and chief executive are combined at Bradstock Group. In addition, the company’s board currently comprises only two non-executive directors. Merrill Lynch Investment Managers holds nearly 7% of the group’s issued stock and Edinburgh Fund Managers 6%
Carlton Communications holds its agm on February 28. Carlton Communications seeks shareholder approval for an authority to make EU political donations pursuant to the Political Parties, Elections and Referendums Act 2000. Fidelity Investments holds 11% of the company’s issued stock, UBS Asset Management 7% and Morley Fund Management 4%.
Copier dealer Eurocopy holds its agm on March 6. Eurocopy’s executive chairman Cyril Gay, who is up for re-election at the company’s AGM, has a service contract with a three-year notice period. Newton Investment Management holds nearly 10% of the firm’s issued stock and Friends Ivory & Sime 8%.
By Luke Clancy
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers