About PIRC
PIRC is the UKs' leading independent research and advisory consultancy providing services to institutional investors on corporate governance and corporate social responsibility. Since 1986, it has been the pioneer and champion of good corporate governance within the UK.
Authoritative resource
PIRC has a wide spectrum of clients ranging from pension funds, faith-based investors, trade unions to banks and asset managers. Its Corporate Governance Service is an authoritative and vital resource for active investors, whilst its widely-read Shareholder Voting Guidelines provide a market-wide benchmark for investors and forms part of the movement for corporate governance reform and long-term wealth creation strategies for responsible investors.

For more information about PIRC or to arrange a meeting, contact Janice Hayward, or call us on 0207 247 2323.

Press in the media

Hugh Fearnley-Wittingstall lobbies Tesco investors over chicken

June 18 2008

The Times

Northern Rock investors should withhold their support from proposals aimed at preventing a firesale of the stricken mortgage bank's assets, corporate governance lobby Pensions and Investments Research Consultants (PIRC) said.

PIRC advised Northern Rock investors to abstain from voting on a proposal to prevent the bank's board from selling more than 5 pct of its assets without majority shareholder approval, saying it is 'not persuaded' that existing takeover rules are inadequate.

The group also said shareholders should abstain from voting on a separate proposal to limit new share issues to 5 pct of the existing share capital for the next five years, on the grounds that the proposed ceiling would be 'a restraint on the board's power to act in the best interest of all shareholders'.

 
PIRC Pensions Investment Research Consultancy
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“PIRC is in the DNA of good corporate governance”
“Let’s not forget how quickly yesterday’s heresy can become today’s mainstream opinion. Ten years ago PIRC was portrayed as pursuing a radical agenda. Now much of what PIRC said in the past is in the DNA of UK corporate governance. Back then many fund managers did not even vote, now the large majority do, and many try and vote intelligently rather than routinely supporting management.“
Brendan Barber
General Secretary, Trades Union Congress, October 2003