Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Aviva plc    AV.   GB0002162385

Delayed Quote. Delayed  - 12/02 05:35:29 pm
443.4 GBp   -0.56%
12/01 AVIVA : appoints Jan Gooding as Global Inclusion Director
12/01 UK : Aviva comments on new DWP auto-enrolment figures
12/01 AVIVA : Form 8.3 - London Stock Exchange
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Two UK Investor Bodies Want Shareholders To Get Binding Votes On Pay

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/02/2012 | 01:07pm CET
  By Jessica Hodgson 
  Of  
 

Two major shareholder bodies Wednesday threw their weight behind a U.K. government proposal to give investors binding votes on corporate pay policies, amid mounting anger about executive pay, principally focused on the financial services sector.

The Association of British Insurers, whose members control roughly 12% of the U.K. stock market, has supported the plans in a submission, a spokeswoman said. Pensions Investment Research Consultant, or PIRC, said in a statement that it supported the measure, proposed by business secretary Vince Cable. The ABI and PIRC were responding to a consultation launched by Cable's department in March.

Tha ABI's head of corporate governance, Andrew Ninian, said in a statement that the ABI "welcomed the opportunity to continue to improve the regime to tackle reward for failure and we will continue to work closely with the government on this."

PIRC's managing director, Alex MacDougall, said: "At present, only a small minority of companies run the risk of serious challenge from shareholders over remuneration, and investors' powers are relatively limited."

"If we want a market-based system of oversight of executive remuneration then shareholders must have the right tools to do the job."

PIRC also said in a statement it potentially supports a plan to increase to 75% the threshold of support required from shareholder votes on pay policy. A person familiar with the ABI said it prefers to use a simple majority, as opposed to 75%.

The submissions from the shareholder bodies come after several U.K.-based companies in the financial services sector have faced rebellion from shareholders on pay. Aviva PLC (AV.LN) one of the U.K.'s biggest insurers, Monday said it would review its remuneration policy in response to shareholder anger about executive pay, and that its CEO, Andrew Moss, had turned down a proposed 2012 pay increase.

Meanwhile, senior management at Barclays PLC (BCS) were asked Friday by investors to boost dividends and spend less on executive pay packages, as nearly 27% of voting shareholders refused to back the bank's 2011 pay report.

At an annual general meeting, private shareholders heckled Barclays Chairman Marcus Agius and CEO Bob Diamond as the two men defended the bank's 2011 pay policies while acknowledging more work still needs to be done to balance shareholder and employee rewards.

- By Jessica Hodgson; Dow Jones Newswires; +44207 8429373; jessica.hodgson@dowjones.com.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AVIVA PLC
12/01 AVIVA : appoints Jan Gooding as Global Inclusion Director
12/01 UK : Aviva comments on new DWP auto-enrolment figures
12/01 AVIVA : Form 8.3 - London Stock Exchange
12/01 AVIVA : Redemption 8.25% Capital Securities & NYSE Delist
11/30 Impact on insurers from Britain's vote to leave the EU
11/30 AVIVA : Additional Listing
11/29 AVIVA : Form 8.3 - London Stock Exchange Group plc
11/29 AVIVA : Tower go-ahead
11/29 AVIVA : Tower go-ahead Developers have been
11/28 AVIVA : London's 73-storey Trellis skyscraper gets green light
More news
Sector news : Life & Health Insurance - NEC
11/28 Italy's Monte dei Paschi lists multiple threats to rescue plan
11/28DJAsian Shares Mostly Down on Skepticism About OPEC Deal
11/24 BANCA MONTE DEI PASCHI DI SIENA : Monte dei Paschi shareholders approve vital ca..
11/24 BANCA MONTE DEI PASCHI DI SIENA : Monte dei Paschi shareholders approve vital ca..
11/23DJApollo Global's Athene Plans to List Shares in December
More sector news : Life & Health Insurance - NEC
News from SeekingAlpha
11/09 Hunting For Dividend Shares In Uncertain Times
08/31 Buy Aviva For Its 5% Yield
08/15 AUGUST BUYS : The 19 Stocks Added To My Fund
08/05 Aviva plc 2016 Q2 - Results - Earnings Call Slides
08/04 Aviva plc declares £0.0742 dividend
Advertisement
Financials ( GBP)
Sales 2016 32 095 M
EBIT 2016 2 900 M
Net income 2016 1 050 M
Debt 2016 -
Yield 2016 5,21%
P/E ratio 2016 16,44
P/E ratio 2017 11,82
Capi. / Sales 2016 0,56x
Capi. / Sales 2017 0,54x
Capitalization 17 995 M
More Financials
Chart AVIVA PLC
Duration : Period :
Aviva plc Technical Analysis Chart | AV. | GB0002162385 | 4-Traders
Full-screen chart
Technical analysis trends AVIVA PLC
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 4,71  GBP
Spread / Average Target 6,2%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Mark Andrew Wilson Group Chief Executive Officer & Executive Director
Adrian Alastair Montague Chairman
Nitinbhai Babubhai Maganbhai Amin Chief Operations & Transformation Officer
Thomas D. Stoddard Group Chief Financial Officer & Executive Director
Monique Shivanandan Chief Information Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
AVIVA PLC-13.59%22 902
METLIFE INC15.45%61 178
AXA-11.18%57 445
PRUDENTIAL PLC3.07%51 262
PRUDENTIAL FINANCIAL I..24.96%43 744
MANULIFE FINANCIAL COR..13.98%34 474
More Results