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Letters include emails to companies
Ensure that remuneration committee members are aware of the strong opposition of shareholders (48% of AGAINST votes at AGM) to the remuneration report and why there is such opposition
The topic has been raised by Comgest at every meeting with the company over the past few years. We requested to talk to the Chair of the remuneration committee and the company put us on a waiting list for at least 2 years. As we thought it was inappropriate behaviour we raised the issue during a conference at which we knew one member of the remuneration committee would be present. We forced the discussion with him on the remuneration topic.
1. the remuneration committee member committed to report all requests from Comgest to the board
2. he committed to request that the peer group list used for remuneration setting be communicated to investors