The Investment Association (IA) has published a summary of voting trends during the 2019 AGM season.
According to the IA’s public register of significant votes against resolutions, which tracks when there is a vote of over 20% against a resolution at a FTSE company's shareholder meeting:
- 158 companies and 298 resolutions were added to the register for 2019 (up slightly from 151 companies and 294 resolutions in 2018);
- executive pay and director re-election continued to top the list of concerns in 2019, with 62 companies appearing on the register for pay-related resolutions and 103 individual director re-election resolutions appearing on the register;
- 39 companies appeared on the register for the same resolution in both 2018 and 2019; and
- over 80% of companies made a public statement acknowledging shareholder concerns and outlining how they plan to engage with shareholders following the significant vote against, in accordance with provision 4 of the Corporate Governance Code.
Sarah Hawes
Head of Corporate Knowledge, UK, London
Gareth Sykes
Partner, Head of Corporate Governance Advisory, UK, London
Stephen Wilkinson
Consultant, London
Key contacts
Sarah Hawes
Head of Corporate Knowledge, UK, London
Gareth Sykes
Partner, Head of Corporate Governance Advisory, UK, London
Stephen Wilkinson
Consultant, London
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