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Struggling chemicals group Penrice Soda has become the first company to suffer a "second strike" vote from shareholders, which will force a spill of directors. At today's annual meeting, more than 75 per cent of the shares again voted against the
Shareholders are due to vote on the bonus for company CEO Greg Hywood at Wednesday's annual general meeting (AGM) in Melbourne. Mr Hywood has announced he'll give up half of his $840,000 bonus for 2011/12, citing the problems facing the company,
The remuneration report was rejected by shareholders at last year's annual meeting in a 'first strike'' vote, prompting concern the report would be rejected again today since a single shareholder with an 18 per cent stake in the company, its founder
Linda Nylind for the Guardian Fashion retailer SuperGroup , famed for its Superdry brand, has become the latest UK company to receive a bloody nose from shareholders after nearly one in five either failed to back or voted against the reelection of co-
News in pictures Darty, the struggling electrical retailer, is set to be the latest to face a battering over executive pay at its forthcoming annual meeting thanks to the substantial golden hello handed to chief executive Thierry Faleque-Pierrotin.
Steel chief executive Paul O'Malley has become the latest executive to step up for a pay freeze and forgo his bonus and long-term financial incentives in an effort to placate shareholder sentiment about management accountability. His announcement
WPP gave a thumbs down to a big pay rise for Chief Executive Martin Sorrell on Wednesday with 59.5pc of votes at its AGM opposing the group's remuneration report. A number of advisory groups and leading shareholders at WPP had criticised a proposed
News in pictures Suggested Topics WPP chairman Philip Lader has blasted some of the advertising giant's shareholders, saying they have a "deep misunderstanding" of the controversial £12.9m pay deal for chief executive Sir Martin Sorrell. Mr Lader
rise in salary to £1.3m Photograph: Reuters WPP is on a collision course with its investors over a 30% salary rise for chief executive Sir Martin Sorrell , after advisory bodies sounded the alarm over pay at the advertising and marketing company.
The growing backlash over executive pay in the City has been dubbed the 'shareholder spring'. Photograph: David Levene for the Guardian United Business Media , the events and publishing group, suffered a bloody nose at its annual meeting with nearly