Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

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

Mes dernières consult.
Most popular
Real-time Quote. Real-time Cboe Europe - 06/22 05:30:00 pm
514.6 GBp   +2.31%
07:03pAviva Investors shakes up investment teams in broad overhaul
06/20AVIVA : Form 8.3 - Electra Private Equity plc
06/18AVIVA : Form 8.3 - Fidessa Group plc
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

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
05/02/2012 | 01:07pm CEST
  By Jessica Hodgson 

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; [email protected]

Stocks mentioned in the article
ChangeLast1st jan.
AVIVA 2.35% 514.8 Delayed Quote.0.65%
BARCLAYS 2.01% 194.02 Delayed Quote.-4.63%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on AVIVA
07:03pAviva Investors shakes up investment teams in broad overhaul
06/20AVIVA : Form 8.3 - Electra Private Equity plc
06/18AVIVA : Form 8.3 - Fidessa Group plc
06/18AVIVA : Norway's wealth fund buys £28.8 million property stake in London
06/14Bankers to ask Theresa May why they should stay after Brexit
06/11AVIVA : Form 8.3 - Informa plc
06/11AVIVA : Form 8.3 - Fidessa Group plc
06/11AVIVA : Form 8.3 - CME Group Inc
06/07Bank of England to intensify climate change scrutiny of insurers
06/06Bank of England blames Brexit for not changing EU insurance rule
More news
News from SeekingAlpha
2017PRO WEEKLY DIGEST : Finding Opportunity In Unexpected Places With Scott Fearon 
2017Aviva Executing, But The Stock Continues To Test Patience 
2017RSA : Investment Case Is Moving Towards Income Leading To A Re-Rating Of Its Sha.. 
2016Hunting For Dividend Shares In Uncertain Times 
2016Buy Aviva For Its 5% Yield 
Financials ( GBP)
Sales 2018 35 431 M
EBIT 2018 2 873 M
Net income 2018 2 064 M
Debt 2018 -
Yield 2018 5,97%
P/E ratio 2018 10,04
P/E ratio 2019 8,84
Capi. / Sales 2018 0,57x
Capi. / Sales 2019 0,61x
Capitalization 20 208 M
Duration : Period :
Aviva Technical Analysis Chart | AV. | GB0002162385 | 4-Traders
Technical analysis trends AVIVA
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 5,77  GBP
Spread / Average Target 15%
EPS Revisions
Mark Andrew Wilson Group CEO & Non-Executive Director
Adrian Alastair Montague Chairman
Nitinbhai Babubhai Maganbhai Amin Chief Operations & Transformation Officer
Thomas Dawson Stoddard Chief Financial Officer & Executive Director
Michael John Hawker Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
AVIVA0.65%26 821
PRUDENTIAL-6.40%62 402
AXA-13.30%60 500
METLIFE-9.55%46 547