1. RBS Investors Push for New Shareholder Committee to Scrutinise Governance Issues

    RBS Investors Push for New Shareholder Committee to Scrutinise Governance Issues

    More than 100 Royal Bank of Scotland (RBS) investors have thrown their support behind plans for a shareholder committee, meant to address corporate governance issues at the UK lender. ShareSoc, the UK’s individual shareholder society, is set to deliver documents relating to the proposed resolution to RBS’s London offices on Friday afternoon in the hope that it will be put to a shareholder vote at the bank’s annual general meeting in May 2018...

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    1. Shareholders, including individuals, deserve a new approach: one with greater involvement and more effective input from them as ultimate owners.
    2. This year, we are hoping RBS will engage with us and work constructively in developing an improved corporate governance framework.
    3. Whilst it is of course the role of the company directors to represent shareholders, we will review any proposal that is submitted and make our response clear in due course.
    4. It is unlikely that the cases of Persimmon, BP, BHS and Sports Direct would have occurred if such a committee had existed at those companies.
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