Media coverage is vital to ShareAction’s mission of building the movement of people taking action for positive corporate behaviour and unlocking change in those companies. Press interest is not hard to come by with so many committed AGM activists covering such important topics. This update really drives home the breadth of issues on which AGM activists hold CEOs to account.
Pay – low and high – always tops the AGM agenda and one AGM activist, Chris Baines, sparked the interest of the local press in Derby when he challenged the Rolls Royce CEO and Board to become an accredited Living Wage employer.
WPP CEO Sir Martin Sorrell was paid £70m in 2015, making him the best-paid CEO in the FTSE 100. Needless to say, journalists were keen to sniff out a shareholder rebellion, despite the advertising company shaving £22m off his final take-home pay for 2016. Campaign magazine, the Daily Mail, and the nation’s favourite bite-size newspaper, the i, got in touch with ShareAction for comment.
The City of London’s most reputable newspaper, City AM, covered a proposal filed at Twitter’s AGM which put forward a new model of democratic ownership: that the social media giant should become a cooperative, owned and run by its Tweeters. Following a rather apt campaign on the same platform strategically targeting responsible investors to support the resolution, City AM reported ShareAction’s guidance to “promote a visionary new model of co-operative ownership for Twitter”.