Adam Cain

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Introduction The Small Business, Enterprise and Employment Act 2015 (the “Act“) received Royal Assent on March 26, 2015 and marks the single biggest change to company law since the Companies Act 2006 (“CA”). It will be phased in over the course of the next 12 months. Although the Act’s title implies that it will only have an impact upon small businesses, it actually introduces significant changes which will affect all companies. This article focuses on…
The 2014 AGM (annual general meeting) season has witnessed high levels of shareholder activism, focused on the emotive issue of executive pay. One of the key issues raised by investors has been the perception of unfettered remuneration committee discretion. In May we witnessed the first defeat for a London listed company in a legally binding vote over its pay plans with 58 percent of shareholders refusing to back it. The remuneration committee has now had…