Corporate governance: trade union voting and engagement guidelines
The TUC, Unison and UNITE recently announced they had formed the Trade Union Share Owners group and published the Trade Union Voting and Engagement Guidelines.
The three organisations have pension funds in aggregate representing more than £1 billion of assets, and delegate decisions on voting and shareholder engagement to their fund managers. Concerned that pension fund managers do not always vote in line with trade union policies, the guidelines were developed to encourage fund managers voting at AGMs of FTSE 350 companies to take a common position on a variety of corporate governance issues.
Where companies do not act in accordance with trade union policies or aims highlighted in the guidelines, funds are encouraged to take specific action, including voting against certain policies, resolutions or re-elections proposed by the company…
If you are registered and logged in to the site, click on the link below to read the rest of the Shoosmiths briefing. If not, please register or sign in with your details below.
News from Shoosmiths
News from The Lawyer
Briefings from Shoosmiths
With NHS statistics suggesting obesity levels are increasing, a recent case has looked at whether obesity can amount to a disability and come within discrimination provisions.
Shoosmiths looks at what it could mean for UK businesses if Scotland decides to become an independent country.
Analysis from The Lawyer
Compliance and corporate governance codes for large financial institutions will undoubtedly include provisions to regulate high pay in the future
There’s more to the ABS model than attracting the man in the street and procuring external investment. Partners at the big corporate firms, take note…