Corporate Remuneration Reports

This page offers in-depth analysis of executive remuneration at a range of public companies. Our detailed reports are only available to logged in full members of ShareSoc. If you are not a full (subscribing) member, you can subscribe here. If you are a full member and are having difficulty accessing these reports, please contact our office.

 


 

Redcentric Remuneration Report

There is a full write up by Mark Bentley here https://sharesoc.wordpress.com/2016/11/08/red-faces-at-redcentric/, but I thought members should have a specific comment from me on their remuneration. Firstly, we have share trades by Redcentric’s CEO: On 24th June Fraser Fisher exercised 200,000 options at a price of 70p and sold them all at 180p, realising a gross gain of £220,000 On 9th September he exercised a further 285,000 options at 70p and sold them all at an average of 182p, realising a further gross gain of ...

Vipera Remuneration Report

Vipera presented at ShareSoc Richmond on 6 Sept 2016. I looked at their annual report and it looks an interesting company with a market cap of only £11m and turnover of £5m, which for a small IT company, the 2x turnover ratio gives it scope to grow. With CEO Marco Casartelli owning 11.76% and modest pay ( €60,000 in 2015) the executives reward is going to come mostly from equity gains. This form of reward structure I like and is a ...

Sports Direct Remuneration Report 2016

link to CityAM article quoting ShareSoc views http://www.cityam.com/248890/too-little-too-late-mike-ashley-shareh... Sports Direct. Attached is the Manifest Report. Manifest Executive Remuneration Assessment is grade 'B’ (on scale A =good to F=awful) However, a number of other corporate governance issues are highlighted and ShareSoc members may find this report of interest. Attachments: SportsDirectInternationalplc

Berkeley Remuneration Report

ShareSoc issued a press release advising members to vote against the remuneration report resolution at Berkeley . http://www.sharesoc.org/pr82-berkeley-remuneration.html Only 13% of shareholders voted against the remuneration report at the AGM. Cliff Weight, ShareSoc Director, attended the AGM and talked to the remuneration committee chairman Glyn Barker after the meeting. Cliff reports “ I explained ShareSoc point of view, that the 14% dilution is excessive and should have been half of this amount. Glyn Barker was appointed as a non-executive director in 2012 after ...

Judges Scientific – commentary on remuneration by Cliff Weight

I attended the Mello event at Beckenham on 18 April 2016 and listened to the presentation by chief executive David Cicurel and finance director Brad Ormsby. This is a company which in my opinion has a very good remuneration structure. First, management own 19% of the company, with the Chief Executive earning a 15% stake, currently worth about £18 million and the other directors some 3.7%. This provides the basis for a strong alignment with long-term shareholders. Options have been awarded over 256,176 shares, ...

Shell (Royal Dutch Shell) Remuneration Report 2016

Attached is the Manifest Report. Manifest Executive Remuneration Assessment grade 'D’ (on scale A =good to F=awful) Manifest has assessed the Company’s disclosures against the recommendations of the UK Corporate Governance Code, institutional investor guidelines and the disclosure requirements set out in both the Companies Acts and the UKLA Listing Rules. The following items have been identified which may be of interest to shareholders: The previous share buyback authority has been partly or fully utilised and where EPS is used as a ...

Foxtons Remuneration Report 2016

Attached is the Manifest Report. Manifest Executive Remuneration Assessment grade 'c’ (on scale A =good to F=awful) Manifest has assessed the Company’s disclosures against the recommendations of the UK Corporate Governance Code, institutional investor guidelines and the disclosure requirements set out in both the Companies Acts and the UKLA Listing Rules. The following items have been identified which may be of interest to shareholders: Shareholders may prefer to see a stronger and more direct alignment between Company strategy/KPIs and incentive arrangements. High salary ...

Vislink remuneration report 2016

Vislink - my remuneration report is attached: it highlights a number of concerns and areas for improvement. Attachments: ShareSocVislinkremunerationreport4Feb20162

GlaxoSmithKline Remuneration Report 2016

Attached is the Manifest Report. Manifest Executive Remuneration Assessment grade 'D’ (on scale A =good to F=awful) Manifest has assessed the Company’s disclosures against the recommendations of the UK Corporate Governance Code, institutional investor guidelines and the disclosure requirements set out in both the Companies Acts and the UKLA Listing Rules. The following items have been identified which may be of interest to shareholders: Remuneration policy fails to establish a strong degree of alignment between executive remuneration and KPIs/Company strategy. Total ...

Reckitt Benckiser Remuneration Report 2016

Attached is the Manifest Report, who give the Reckitt Executive Remuneration grade 'E’ (on scale A =good to F=awful) ShareSoc is advising its Members to vote against the Remuneration Report resolution at the forthcoming Annual General Meeting of Reckitt Benckiser (RB) on 5th May. RB has performed very well in terms of shareholder returns since 2000. However, ShareSoc consider: the remuneration of the CEO Rakesh Kapoor to be unnecessarily high (£23 million in 2015 and £56 million since he was appointed CEO), ...

AVIVA Remuneration Report 2016

I recommend Members vote against the AVIVA remuneration resolution. I intend to attend the AVIVA AGM and raise these issues. In the absence of clear evidence to the contrary (and noting that the bonus plan payout has averaged 78% of the maximum over the past seven years, the percentage vesting of LTIPs has averaged 68% over the past seven years and as their chart on page 113 so clearly shows AVIVA have performed no better than the median over the past seven years), ...

Persimmon Plc Remuneration Report 2016

11 April 2016 ShareSoc is advising its Members to vote against the Remuneration Report resolution at the forthcoming Annual General Meeting of Persimmon. Persimmon has performed well in recent years. However, ShareSoc consider the salary, pension and bonus of the CEO Jeff Fairburn to be unnecessarily high, and particularly so when his potential equity incentives are £100 million and he is on target to make this amount or more. The main reason for the high pay is the excessively generous 2012 LTIP ...