UK - Four shareholder meetings are of significance in the week beginning April 22, according to corporate governance specialists Institutional Shareholder Services.
Medical Solutions holds its agm on April 22. Medical Solutions’ board has an audit committee that is composed of two executive directors and only one non-executive director. The health firm is 6.3%-owned by M&G Investment Management and Friends Ivory and Sime has a 3% stake.
Riversoft holds its agm on April 25. Riversoft granted its non-executive chairman Carl Symon an option over 1.5m shares of the company. One third of the award vests after 12 months from the date of the grant and the remainder on a straight-line monthly basis over the remaining two years of the option. The software firm is 10%-owned by Artemis Investment Management and Morgan Stanley Securities has an 8% stake.
Amvescap holds its agm on April 26. The roles of chairman and chief executive are combined at Amvescap. Merrill Lynch Investment Managers and Morley Fund Managers hold a roughly 4.5% stake each in the asset manager.
CD Bramall holds its agm on April 26. CD Bramall’s board does not have standing audit or remuneration committees and non-executive directors comprise less than one third of the board. Fidelity holds a 10% stake in the distributor and Jupiter Asset Management 8%.
By Luke Clancy
An innovative funding structure has been agreed for Croydon Pension Fund. However, there are some concerns about the arrangement. Stephanie Baxter reports
Some 52% of red flags raised by schemes on suspected scam pension transfers involve advisers or unregulated introducers, a report by the Pension Scams Industry Group (PSIG) has claimed.
The Norfolk Pension Fund has been successful as the lead plaintiff in a class action case that went to jury trial in California involving securities fraud.
In this week's Pensions Buzz, we want to know whether bosses should have to pay into the same staff DB scheme as their workers rather than their own executive pension fund.