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Forum continues push for governance reform
LAPFF has been continuing its work to encourage proper reform in the wake of the financial crisis by responding to a number of consultations
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Given the scale of the vote at the Marks and Spencer AGM on resolution 16, (37.7% vote in favour, with abstentions taking the total not supporting management to over 40%) LAPFF is looking forward to an immediate dialogue with the company about how it plans to respond. |
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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. |