Wednesday, 16 September 2009

The Grauniad backs voting disclosure... I think

Isn't that what this is getting at, in Monday's editorial about exec pay? I presume they don't think institutions should only report votes on remuneration reports, incentive schemes etc.
One easy way to sharpen up institutional investors would be to mandate them, to state how they voted on each pay resolution – and why.


Clifford said...

Tom, did you see this by Nils Pratley a few days ago - particularly the last para:

Tom Powdrill said...

Cheers for that - it's a good point, most pension funds just hand all the voting over to their asset managers and then are surprised when they find they voted for a lot of controversial stuff.

Really the TUs ought to be more active, given that a lot of union members are trustees themselves.