No drama at RSA AGM
All resolutions were passed at the annual general meeting (AGMs) of the insurance group RSA, including the vote on the remuneration report.
All resolutions were passed at the annual general meeting (AGMs) of the insurance group RSA, including the vote on the remuneration report.
Around 6.4% of the votes cast were opposed to the remuneration report which, in the light of recent protest votes at AGMs, counts as a relatively mild protest. Shareholders representing around 2.6% of RSA's issued share capital abstained from voting on the issue.
Business publisher and exhibitions group UBM was the latest to feel the wrath of angry shareholders on Monday, as 36% of shareholders, representing 55.5m shares, voted against the pay deal for the group's executive team.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
In a further blow to the company, voters representing a 33.3m shares were withheld.
Meanwhile, at car company Pendragon's AGM last week, 67% of shareholders who voted were against the remuneration report.
It was a close run thing at Trinity Mirror where 45.89% voted against the pay deal.
These votes came hot on the heels of Aviva losing the vote, leading to its chief executive, Andrew Moss, resigning. The Sunday Telegraph reported that Moss demanded a 9.5% pay rise in the weeks before his departure, as he felt his pay was not keeping pace with his peers in the insurance business.
JH
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
How high earners could boost their pension by thousands and cut childcare costs
Salary sacrifice could boost your pension by thousands, while also helping you save on childcare costs. We delve into the numbers.
-
Monzo launches 11 ETFs via Blackrock to help savers invest
Monzo customers can now invest BlackRock's iShares ETF range via its banking app, making investing more accessible to millions