UK - Two shareholder meetings are worthy of note in the week starting January 28, according to corporate governance specialists Institutional Shareholder Services (ISS).
Engineering firm Zytronic holds its AGM on January 30. ISS says Zytronic’s chairman, John Kennair, who is up for reelection, is an executive director who serves on the board's remuneration committee. Sarasin Investment Management holds nearly 23% of the issued stock, Singer & Friedlander 13% and M&G Investment Management nearly 5%.
McLeod Russel has its AGM on January 31. ISS says the audit committee at McLeod Russel comprises the entire board of four directors. Two of the committee’s members are executive directors, including the chief financial officer Paul Humphreys, who is proposed for reelection at the company’s AGM. Edinburgh Fund Managers holds more than 12% of the issued stock, Clerical Medical 8.6% and Schroder Investment Management more than 5%.
By Luke Clancy
This week's top stories include ITS' management buyout from Mercer, and The Pensions Regulator launching a probe into single-employer defined contribution schemes' default funds.
People retiring in the UK will on average outlive their pension savings by 10 years, according to research by the World Economic Forum (WEF).
Steps to improve auto-enrolment are uncontroversial and obvious, but the government is dawdling on introducing the necessary changes, argues Jack Jones.
Professional trustees will be expected to apply for accreditation as part of a framework intended to be launched on 1 July by the Professional Trustee Standards Working Group (PTSWG).