ECGS is a joint venture of independent local market experts which have come together to provide specialist governance assessments and informed proxy voting advice, offering institutions access to unrivalled experience on corporate governance and responsible investment issues.
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Exxon and on
Another year, another boisterous annual meeting of Exxon. The US oil giant is again facing a showdown with investors. A total of 17 shareholder resolutions have been filed, addressing both corporate governance and responsibility issues. The company is facing seven proposals purely on environmental issues.
Full story . . .Smith & Nephew sees big vote against remuneration report
Medical equipment company Smith & Nephew saw a large vote against its remuneration report at its AGM last week. Around 32% of votes were cast against the remuneration report, with almost 7% abstentions. PIRC had recommended that shareholders oppose the report. This was in part due to termination provisions, but also because Smith & Nephew had changed the performance measures and targets under the Performance Share Plan without seeking shareholder approval.
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