Revolting shareholders: Foxtons bonus upset

Galileo Resources

AGM season is in full swing and these days it is no longer certain that shareholders will back all the resolutions set out by a company. Nearly all the resolutions are passed but sometimes a significant minority of shareholders revolts.

If a company does not take note of the revolt, then it can grow in subsequent years. For example, there was a 21.5% vote against the latest remuneration report of veterinary practices operator CVS Group (LON: CVSG). The previous year there was a 11.1% vote ag...

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Andrew Hore is the publisher of AIM Journal, which is an online monthly publication covering the Alternative Investment Market.