UK: PIRC makes public its shareholder voting recommendations

PIRC - the governance advisory service - has begun disclosing publicly its shareholder voting recommendations: see here. Recommendations are only published after the relevant company meeting although some get reported beforehand in the media.

PIRC makes recommendations in connection with approximately 1,000 companies and appears to be the first governance advisory service to disclose publicly this information.  It takes the position that "all organizations that have responsibility for decisions on shareholder voting should be transparent, as there is a clear public interest in the exercise of ownership rights".