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.
Shareholders fail to back M&S chief
July 9 2008
Daily Express
The head of Marks & Spencer has received a broadside from shareholders over his controversial dual role at the helm of the beleaguered retail giant.
Sir Stuart Rose's re-election as executive chairman failed to win the support of investors representing 22% of the group's shares voting at the firm's annual meeting.
Alan MacDougall, managing director of pension fund adviser PIRC said it sent a "clear signal" to M&S. He said: "The size of today's vote would be significant if were against any director, let alone the head of an iconic business, and demonstrates the depth of investor unease."
