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
The British Medical Association (BMA) has warned chancellor Philip Hammond to reform the NHS pension scheme rules or doctors will reduce their working hours.
The lifetime allowance should be scrapped and replaced with a lower annual allowance, last week's Pensions Buzz respondents said.
Action for Children Pension Fund has outsourced its pensions administration to Trafalgar House.