Below is an excerpt from ISS Corporate Solution’s recently released paper “Season Snapshots: UK FTSE 100”. The full paper is available for download from the ISS Corporate Solutions (ICS) online library HERE.
With the 2022 proxy season underway, ISS Corporate Solutions (ICS) has examined a number of key governance factors for selected regional indices to review what happened in the 2021 AGM season. The latest in the series covers 100 companies in the British index, the FTSE 100. Like the others, it focuses on shareholder proposals, director elections, Say on Pay results, and changes in CEO pay.
- Most shareholder resolutions targeted climate change concerns
- All directors were re-elected with a majority of shareholder votes
- Only two Say on Pay resolutions failed to receive majority support
- More than half of CEOs saw their pay decrease
By Paul Hodgson, Senior Editor, ISS Corporate Solutions