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Reaction to ShareSoc Remuneration Guidelines

We are delighted that our guidelines, launched last week have been widely covered and well received. Here is some of the press coverage: Financial Times: FTSE100 CEO pay “too...

ShareSoc Launches New Director Remuneration Guidelines

ShareSoc has issued the following press release on its new Remuneration Guidelines. These Guidelines have been developed by ShareSoc Director Cliff Weight who has substantial experience in these matters, supported by other ShareSoc directors. In summary the press release said: FTSE100 CEO pay is too high. It should be less than half of current amounts. FTSE 100 CEO’s maximum bonus should be 100% of salary (currently 200% is common) and the LTIP maximum normal annual award should be 100% of salary (currently 300% is ...

Pay at WPP

ShareSoc has issued a press release advising investors to vote against the Remuneration Report at WPP Plc. In particular we think the pay of CEO Sir Martin Sorrell is excessive (£70 million in 2015). See https://www.sharesoc.org/pr79-wpp-remuneration.html for the full press release. This is one of several advisory notices on pay we have issued to ShareSoc Members recently. The previous ones were on Reckitt Benckiser, Anglo American and BP. It is very clear that the reforms to tackle excessive pay introduced by Vince ...

Systems Go to Serve You Better!

Thanks to the generous donations received, we now have sufficient funds to start work on the next phase of ShareSoc’s IT upgrade project. Special “thank you”s go to Leon...

The Restaurant Group AGM Report (RTN)

Today I attended the Annual General Meeting of The Restaurant Group for the first time - held in the City of London at 10.00 am. There were about 50 shareholders present which I was told was slightly more than normal, perhaps because the company seems to be in some turmoil after recent profit warnings and the abrupt departure of the finance director. From being one of those stock market growth stocks on high valuations (share price peaking at over 700p in ...