The Economist (March 6)
“So far the signals” from China’s annual meeting of the National People’s Congress “are not reassuring. They suggest that China lacks a robust plan to deal with its economic slump and that some of its targets are drifting from reality. Power is concentrating even further in the hands of President Xi Jinping.”
Tags: Annual meeting, China, Concentrating, Economic slump, Lacks, National People's Congress, Power, Reality, Reassuring, Robust plan, Signals, Targets, Xi
BBC (May 24)
“Climate protesters stormed Shell’s annual shareholder meeting in London, with security having to step in to protect board members.” The protestors, activists and other “campaign groups are looking to ramp up the pressure on Shell and other energy companies to bring forward those targets to absolute carbon emissions cuts by 2030 and focus more resources on renewables.” The proposed targets were, however, “rejected in a vote by shareholders at the meeting.”
Tags: 2030, Activists, Annual meeting, Board members, Carbon emissions, Climate, Energy, London, Pressure, Protect, Protesters, Rejected, Renewables, Resources, Security, Shell, Targets, Vote
Investment Week (April 27)
The Swiss fund house GAM “suffered a shareholder rebellion at its annual meeting, after it attempted to raise executive pay despite making a loss last year.” Only 17.57% of shareholders voted in favor of the report on pay with a majority rejecting it. “The shareholder rebellion came after CEO Alexander Friedman’s pay package increased by more than 20% in 2016, despite profits for the year falling by a third to £120.1m from £197.8m in 2015.”
Tags: Annual meeting, Executive pay, GAM, Loss, Rebellion, Shareholder, Switzerland