Recent news
Yesterday, UKSA asked BAE Systems’ directors to use their power to put pressure, both private and public, on all nominees on its share register to ensure that all their clients are fully informed about the proposals and able to instruct their nominees how to vote. UKSA has now written to the Takeover Panel, the body responsible for ensuring that…
UKSA has sent letters to Dick Olver, BAE Systems chairman and to Sir Peter Mason KBE, its senior independent director, calling upon them to take whatever action is necessary to ensure that private investors in BAE using nominee accounts are enabled to vote on the proposed merge with EADS.
"Do you own the shares you bought"? "Yes of course I do"!, you say. But do you really? If like most people your shares are held in a nominee account, ISA or SIPP the answer is you probably don't. You are the beneficiary but not the legal owner! To find out more:
Penalties of Nominee Accounts
A new website has been created to campaign against executive greed. An issue which UKSA very much supports.
Responding to Vince Cable’s proposals for new reporting regulations on Directors’ Pay, UKSA’s points out that they take no account of the Kay Review, yet that Review was commissioned by Vince Cable himself.
UKSA is among a number of investor bodies seeking changes in audit practice in order to bring about better protection of investor interests.
Calling all former Northern Rock Depositors
It is almost 5 years since our TV screens and newspapers were filled with pictures of the queues outside Northern Rock branches.
Dennis Grainger, campaigner and lead plaintiff for the Rock small shareholders in the fight for fair
compensation, says that 150,000 small shareholders will be shocked, baffled, startled and angered
by the sad and strange ‘Decision’ (not a ruling) of the European Court of Human Rights (ECtHR).
Vist Action Groups / Northern Rock on this website…
The July edition is now available for download.
Go to Members Area and Log on.
Eric Chalker writes to the FT in support of Xavier Rolet's of the LSE in his plea for more equity and less debt in funding companies.
For the full letter click here.
http://www.ft.com/cms/s/0/539db3ea-c9c8-11e1-bf00-00144feabdc0.html#axz…
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