In the Margins

Fidelity pressures British corporate board committees

February 17, 2017

By Reuters

Fidelity International, one of the biggest investors in British companies, has proposed making powerful remuneration committee heads more accountable to shareholders. The move would increase pressure on company boards to rein in excessive pay after rebellions at a number of firms' shareholder meetings in recent years, including BP and WPP, and comes ahead of the bulk of this year's votes. Read the original story from Reuters.

 

 

Most Read

Top of the Agenda - Compensation
IDC: Directors see modest pay increase in 2021

Independent mutual fund director compensation levels increased in 2021, though the year-on-year change was significantly lower than in 2020, according to new data obtained by Fund Board ...

Top of the Agenda - Regulatory
SEC to advisers: Turn over 15(c) documents, info

The Securities and Exchange Commission has begun requesting documentation and information from mutual fund advisers about their funds' 15(c) processes and fees. The Division of Enforcement ...