Telecom Signaling Industry News

TMCNet:  Shareholders Biggest investor revolt blocks bosses' bonuses

[May 17, 2014]

Shareholders Biggest investor revolt blocks bosses' bonuses

(Guardian (UK) Via Acquire Media NewsEdge) The biggest shareholder revolt of the year took place at the engineering company Kentz, which is tearing up its executive pay plans. It is the first time that investors have voted down a company's pay policy - which covers proposals for paying staff over the coming three years. The binding vote on future pay was introduced in October by the business secretary, Vince Cable, right.

Shareholders in Kentz rejected not only the pay policy but also the remuneration report.

It is the first time that a company listed on the London stock market has had both voted down, and it also the first time that Kentz had put its pay policies to a vote because it had been exploiting a loophole to avoid doing so as it is registered in Jersey.

Some 51% of shareholders voted against the remuneration policy while 54% voted against the remuneration report.

At other annual meetings yesterday, protests were registered at Bovis Homes, where almost 25% of investors failed to back the remuneration report, and at gold miner Centamin - a focus of the 2012 shareholder spring -40% of investors failed to support the pay report.

(c) 2014 Guardian Newspapers Limited.

[ Back To Telecom Signaling's Homepage ]

Featured Events

5G NA Signaling Day

November 14-16, 2016
Sheraton Dallas, Dallas, TX

Featured Webcasts

Securing The Signaling Interconnect: Oracle's Perspective On Recent Security Events

Today's telecommunications landscape is changing rapidly, and the "institution" of trust between networks that has been assumed over the decades is no longer relevant. We are now hearing of vulnerabilities in CSP interconnection points that have been known ...

Applications of Wi-Fi Calling

With all of the discussion about faster data access and richer content, it could be assumed that voice services no longer play an important role in the business model of the communications service provider. Join ReThink Technologies Research and Oracle Communications as we explore ...

Featured Whitepapers

Oracle Communications Diameter Signaling Router Main Differentiators

Diameter is the protocol used by network elements in LTE and 3G networks to enable and monetize services, such as voice, video and data. Diameter enables revenue-generating data services; including tiered data plans, loyalty programs, application specific QoS, content provider and Internet of Things (IoT) solutions ...

Multi-Layer Security Protection for Signaling Networks

The sanctity of mobile operators' networks and brands will depend greatly on their ability to deliver QoS guarantees to roaming and interconnect partners, while simultaneously protecting increasingly multimedia-savvy and socially connected ...

Featured Datasheets

Oracle Communications Diameter Signaling Router

Centralizing Diameter routing with cloud deployable Oracle Communications Diameter Signaling Router creates a secure signaling architecture that reduces the cost and complexity of the core network and enables elastic growth, interoperability and rapid introduction ...

Oracle Communications Mobile Security Gateway

The Oracle Communications Mobile Security Gateway is a high performance gateway that allows the Communications Service Provider (CSP) to cost effectively expand network coverage and increase capacity by incorporating Heterogeneous ...

Oracle Communications Evolved Communications Application Server

As service providers drive their networks toward an all-IP and virtualized state, they require the means to design and deliver compelling high definition voice, video and multimedia offers via Voice over LTE (VoLTE) and Voice over WiFi (VoWiFi) ...

Featured Infographic