One easy way to sharpen up institutional investors would be to mandate them, to state how they voted on each pay resolution – and why.
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.
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2 comments:
Tom, did you see this by Nils Pratley a few days ago - particularly the last para:
http://www.guardian.co.uk/business/2009/sep/14/corporate-pay-gravy-train
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.
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