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Shell: Shareholder resolution on climate change gets 30% support

Blog from Cliff Weight, Director, ShareSoc. These are my personal views and not necessarily those of ShareSoc. Support doubles to 30%, for the FollowThis! climate resolution at Shell AGM....

HSBA – HSBC Holdings Company Information and Vote Guidance

by Cliff Weight, Director, ShareSoc. These are my personal views and not necessarily those of ShareSoc. I own shares in HSBC. HSBC summary of voting issues The AGM is on May 28th, 2021. HSBC has gone back to its roots and now focuses on the Far East. The Stockopedia graph shows the lack of long term growth over the past 20 years and the volatility of the share price which lost two thirds in the Covid Bear Market. It has now recovered to ...

Laggard Unanswered Questions at Eleco

I received an unhelpful response to a question today (19th May) from Eleco (ELCO). I have been a shareholder for some time in this construction software company. The company announced on the 26th of April that it had received a requisition notice that covered resolutions to reappoint two directors, that all directors stand for re-election at future AGMs and that the remuneration committee report be approved. It was certainly unusual that such resolutions were not on the AGM agenda on the 6th ...

Woodford Claims and the Financial Ombudsman Service – Update 19 May

We (Boz Michalowska from Leigh Day and me) met with the Financial Ombudsman Service (FOS) on 7th May. They have received 549 claims so far relating to Woodford, Link, Hargreaves and IFAs. They have resolved 3 at final decision stage and these were simple cases against IFAs. We were given no evidence to suggest that the FOS route is likely to have a quick nor successful resolution. ShareSoc cannot give financial advice and individuals must of course make their own decisions. ShareSoc ...

Voting Against Directors at Greggs and MAV4

Greggs (GRG) held their Annual General Meeting today. This was a “closed” meeting but with no electronic access provided. Bearing in mind the size of the company, it seems unreasonable that they could not have provided shareholder access. But I note that the votes reported show that several directors received substantial votes against. For example Ian Durant at 4.8% and Sandra Turner at 7.7%. I wonder why? There were also substantial numbers of votes withheld but no explanation has been given. One advantage ...