ShareSoc News

RBS Campaign Update 10 – 161 forms submitted, press release issued and huge media coverage

Update 10 29/12/2017 - 161 forms submitted, press release issued and huge media coverage Today I travelled to London to deliver the 161 signed forms to RBS. Yesterday, we issued a press release. Radio 4 reported on it in their Business Briefing at 6.25am. There were lots of press stories. Cliff Weight Delivers Requisitions to RBS We thought the press coverage today was balanced. We have worked well (together with RBS people) in avoiding the negative publicity that occurred earlier in the year. This is ...

Small shareholders in bid to make RBS a better run company

Press Release 100 – RBS in the firing line as ShareSoc renews campaign   RBS Shareholders Requisition Shareholder Resolution for a Shareholder Committee.    Over 100 shareholders in the Royal Bank of Scotland (RBS) have requisitioned a resolution to install a "Shareholder Committee" at the company, which will include shareholder representatives, to improve the corporate governance and shareholder engagement at RBS. RBS will now have to put this proposal to a vote at their Annual General Meeting (AGM) in May 2018. ShareSoc ...

FRC Corporate Governance Consultation and FCA Consultation on Competition

The FRC has launched a consultation on the Corporate Governance Code. https://www.frc.org.uk/consultation-list/2017/consulting-on-a-revised-uk-corporate-governance-co The FCA has launched a Consultation on Competition https://www.fca.org.uk/publication/corporate/our-approach-competition.pdf ShareSoc will most likely be making a joint response with the UK Shareholders’ Association to both of these consultations. You are welcome to send your views to cliff.weight@sharesoc.org . Peter Parry and I will consider them in making our response. You are also welcome to submit your own comments/response directly to the FRC/FCA, but please state that they are your views (you cannot assume that ...

RBS in the firing line as ShareSoc renews campaign

Press Release 99 – RBS in the firing line as ShareSoc renews campaign   Individual investors expected to join ShareSoc’s new requisition for a Shareholder Committee at the Royal Bank of Scotland    - As last year, ShareSoc will be requisitioning a resolution for a Shareholder Committee at the 2018 RBS AGM - This year's resolution addresses the trivial legal objections previously raised by RBS. ShareSoc is confident that RBS will be obliged to put the resolution to the AGM - ShareSoc is rallying ...

FRC’s consultation on non-financial reporting guidance.

ShareSoc's response to the FRC’s consultation on non-financial reporting guidance is in this document: FRC Strategic Report Consultation Response

ShareSoc and UKSA’s joint response to the FRC’s consultation on non-financial reporting guidance

ShareSoc and UKSA’s joint response to the FRC’s consultation on non-financial reporting guidance. Click here for our response

ShareSoc Open Letter to the board of RBS Group

Press Release 98 – ShareSoc Open Letter to the board of RBS Group For immediate release: ShareSoc has written an open letter to the Board of the RBS Group addressing unresolved issues that continue to concern individual shareholders. Please see below and contact Cliff Weight on cliff.weight@sharesoc.org for more information. SHARESOC OPEN LETTER October 2017 TO THE BOARD OF RBS GROUP Shareholder Resolutions for 2018 AGM Since ShareSoc first engaged with you on 12 December 2016 there have been several positive developments which we recognise and ...

Lifting the lid on the FRC – An Event for Retail Shareholders

ShareSoc has organised a special event for its members, in conjunction with the Financial Reporting Council (the FRC), to take place on 21st November 2017, 2pm -5pm. The FRC’s role is crucial to preserving your wealth. It is the organisation responsible for overseeing the quality of audit work carried out by an auditor. As such, it plays a crucial role in helping to protect your wealth. This is a unique opportunity, for UKSA and ShareSoc members only, for a direct dialogue with ...

ShareSoc’s Response to Patient Capital Review

  On 1st August 2017 H.M. Treasury launched a consultation on the subject of financing growth in innovative firms (a.k.a. The Patient Capital Review), which can be found here. ShareSoc and UKSA submitted a joint response to this consultation on 22nd September: ShareSoc -UKSA Patient Capital Patient Capital Review - FINAL VERSION 20170924 Our response included the following comments: Individual shareholders are the archetypal long-term investors. They tend to invest for retirement, to fund care in later life and to pass on wealth to ...

ShareSoc and UKSA’s joint response to the LSE’s AIM Rules Review

ShareSoc and UKSA’s joint response to the LSE’s AIM Notice 46 Click here for our response