UK - Three shareholder meetings are of significance in the week beginning February 11, according to corporate governance specialists Institutional Shareholder Services (ISS).
Support services firm Fountains holds its agm on February 14. The roles of chairman and chief executive are combined at Fountains. In addition, the company’s board comprises only two nonexecutive directors. Singer & Friedlander owns more than 3% of the company.
P&O Princess Cruises holds an egm on February 14. P&O Princess is seeking shareholder approval for a merger with US-based Royal Caribbean Cruises to create the world’s largest cruise vacation group. The proposed transaction is structured as a merger of equals, with the two companies combining their assets under a dual listed companies structure. Henderson Global Investors, Franklin Templeton Investments and Merrill Lynch Investment Managers are the company’s three largest shareholders.
Six Continents holds it agm on February 14. Six Continents seeks shareholder approval for an authority to make EU political donations pursuant to the Political Parties, Elections and Referendums Act 2000. The hotel operator’s three largest shareholders are Merrill Lynch Investment Managers, Schroder Investment Management and Legal & General Investment Management.
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