Ireland: Manifest requisitions say on pay resolutions

In 2004 the European Commission recommended that listed company shareholders should be given an advisory vote in respect of company remuneration policy (see here). In 2007 the Commission reported that this recommendation had not been implemented in the majority of Member States. In Ireland shareholders have not been given a separate vote on company remuneration reports. However, Manifest - the proxy voting agency - has requisitioned 'say on pay' resolutions at five Irish listed companies: Bank of Ireland, DCC plc, Elan Corporation plc, C & C Group plc and Independent News & Media plc. Further information is available on the Manifest blog here and in this report from the Irish Times.