Shareholder dissent on the rise

Companies based in Europe’s most troubled peripheral nations saw a sharp rise in shareholder dissent in 2011 as investors increasingly rebelled against boardroom pay schemes and proposals for rights issues.

Greece, Ireland and Portugal saw the biggest rise in dissent, according to European Union-wide analysis of voting patterns at the annual general meetings of large and medium-sized companies in the first six months of 2011, carried out by the Institutional Shareholder Services.

ISS: 2011 Voting Results Report: Europe http://www.issgovernance.com/docs/2011EuropeanVotingResultsReport

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