How have shareholders been voting at FTSE 100 and FTSE 250 AGMs, particularly on the high profile issue of remuneration?
Despite the increasingly febrile atmosphere as regards executive remuneration from both the press and government over recent months, in overall terms the average level of support for the Directors’ Remuneration Report and Remuneration Policy resolutions in 2017 remained above 90% for both FTSE 100 and FTSE 250 companies so far in 2017.
Away from remuneration matters, shareholders seem to be more willing to vote against the re-election of directors, albeit such instances remain quite rare. Shareholders are particularly concerned at circumstances where they believe that a director has too many commitments.
For more information, download The 2017 AGM season – the story so far report (1MB).