Not exact matches
While the proposal at the 2015 AGM received 67.4 %
shareholder approval, the 2016 AGM looks to continue the Company's preferred
approach of sticking to old habits that die hard rather
than addressing underlying
shareholder concerns, as it has again chosen not to disclose the maximum discount rate.
The
approach of targeting poor performers was met with a favourable response from the Confederation of British Industry (CBI), which stated that «introducing a targeted [rather
than for all votes at all companies] binding vote regime would focus attention on the most concerning cases and give
shareholders the teeth to truly have the final say on top executives» pay.»
«A simple carbon sensitivity analysis shows that oil majors pursuing volume at all costs can deliver lower
shareholder value
than a more disciplined
approach.