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.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Shoosmiths
News from The Lawyer
Briefings from Shoosmiths
Obligations on businesses to ensure supply chains are slavery-free, including investigating suppliers and intermediaries.
Zurich v IEG – be aware of the difference in approach between Guernsey- and UK-based claims.
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…