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
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.