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Marks and Spencer Shareholder Resolution work gathers pace
The Local Authority Pension Fund Forum (LAPFF) has met with investors and advisors to build support for its resolution.
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The Forum is already undertaking engagement with a number of financial institutions over issues such as remuneration and audit. In releasing a public statement LAPFF hopes to both encourage the ongoing process of governance reform, and give companies a clear idea of what leading institutional shareholders are thinking. |
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The Local Authority Pension Fund Forum (LAPFF) has filed a shareholder resolution at Marks & Spencer calling for the company to appoint an independent chair by July 2010. |