UK: PLSA publishes updated Corporate Governance Policy and Voting Guidelines

The Pensions and Lifetime Savings Association has published an updated edition of its Corporate Governance Policy and Voting Guidelines: see here (pdf). Important changes have been made in respect of remuneration: the new guidelines recommend, for example, that where shareholders vote against a company's remuneration policy they should also oppose the re-election of the remuneration committee chair as a company director.