UK investors press major housebuilder over pay levels

Institutional investors have publicly objected to pay levels – at both ends of the spectrum – at FTSE 100-listed housebuilder Persimmon.At the company’s annual general meeting today, Aberdeen Standard Investments voted against Persimmon’s 2017 remuneration report because of the amount of money that was due to accrue for the three most senior executives under a long-term incentive plan established in 2012.“And while we do appreciate the concessions made by the chief executive, the reduction in the amount accruing to him from £110m to £75m does not even get close to acceptable,” said Euan Stirling, head of stewardship at the asset manager in a statement to the AGM. Aberdeen Standard Investments owns 2.3% of the company’s shares. This “grossly excessive pay” was damaging the company’s reputation, Stirling argued, and in allowing this to happen the directors looked to be in breach of their legal duties to promote the long-term success of the company. Being a company director, especially a chief executive, “requires an understanding of where the company sits within the society within which it operates”, he said.“Unfortunately when directors act in contravention of their role to promote the best interests of the business, they are inviting more external attention which will affect not just them, but all of their corporate peers,” added Stirling.The vote on the pay report is advisory. Final results are due later today. Meanwhile, UK pension funds NEST and Strathclyde chose to focus on Persimmon’s decision not to pay the voluntary “living wage” – £7.85 an hour outside of London.In a statement co-ordinated by campaign organisation ShareAction prior to the AGM, NEST chief investment officer Mark Fawcett said: “For investors such as ourselves, accreditation with the Living Wage Foundation sends a clear signal that a company values its employees and is focusing on the long-term success of the business through investment in staff.“We would be very encouraged indeed to see Persimmon progress towards Living Wage accreditation.”Both NEST and Strathclyde had engaged the housebuilder on its decision not to pay this rate to its entire staff, including contractors, ShareAction said. NEST, the £2.7bn defined contribution scheme, wrote to Persimmon in 2015 to ask why the company was not accredited with the Living Wage Foundation.Richard Keery, investment manager at Strathclyde Pension Fund, a £21bn Scottish public sector fund, added: “It is fundamental that companies within the FTSE 100 are able to demonstrate responsible business practice and the fair treatment of staff.“Particularly in light of recent developments, and with a now-compelling investment case behind the long-term benefits of the Living Wage, it would be reassuring to see Persimmon show positive leadership in working to accredit as a Living Wage employer.”The interventions from Aberdeen Standard and the pension funds come at a time of heightened attention to the notion that company directors must take into account the interests of a range “stakeholders” and not just their shareholders’ interests.The Financial Reporting Council (FRC) has suggested revising the UK corporate governance code to acknowledge that companies have a wide-ranging impact and that boards should consider the way companies interact with employees, customers, suppliers, and other stakeholders.This is based on section 172 of the 2006 Companies Act, under which company directors are required to promote the success of the company for the benefit of its shareholders and “have regard to a range of matters” in doing so.The FRC previously indicated it was considering amendments to the Stewardship Code to include a “section 172 for asset managers”. read more

On-loan Barcelona midfielder tests positive for COVID-19

first_img Loading… That’s according to Mundo Deportivo, who claim that the 21 year old was one of the La Liga players who was found to be carrying the virus, and has been isolated away from his teammates.Oscar Plano, another Valladolid player, is also said to have the illness.It’s the latest bit of bad news for Matheus, who signed for Barcelona in January and was immediately loaned to their fellow La Liga side to starting picking up some minutes.However his late January arrival plus the timing of the coronavirus crisis has meant he’s not had the chance to play yet. He will likely stay on loan for another year while the Catalan club study how to free up another non-EU player slot.Read Also: Messi donates €500k towards the fight against COVID-19It’s been a tough few months for him following his dream move to the European leagues, but it will all hopefully get easier from here.For now, we wish him a speedy recovery from his illness.FacebookTwitterWhatsAppEmail分享 Matheus Fernandes, the recently signed Barcelona midfielder on loan at Valladolid, has tested positive for coronavirus.Advertisementcenter_img Promoted ContentIs This The Most Delicious Food In The World?9 Facts You Should Know Before Getting A Tattoo5 Of The World’s Most Unique Theme Parks8 Addictive And Fun Coffee FactsWhat Happens To Your Brain When You Play Too Much Video Games?7 Ways To Understand Your Girlfriend Better10 Risky Jobs Some Women DoEver Thought Of Sleeping Next To Celebs? This Guy Will Show YouTop 10 Most Romantic Nations In The World7 Reasons It’s Better To Be A Vegan10 Actors Who Are Happy With The Type Of Roles They Got Hired ForThe 10 Best Secondary Education Systems In The Worldlast_img read more

KRC adding Junior National Champion, Lady Eagle awards to IMCA program

first_imgAll SportMod drivers must display two KRC decals on their race car to be eligible for point fund shares and post-season contingencies.  “We are really excited to partner with these new programs, especially recognizing the top Lady Eagle competitors. I raised three daughters Hailey, Hannah and Alex, and each of them raced go-karts and operated machines at KRC growing up,” said Mel Kluhsman. “They have always been very involved in racing so to be able to reward some of the most accomplished ladies in IMCA racing is pretty special, and brings everything full circle for us at KRC.”   “The excitement generated by the announcement of the Junior National Champion program wasn’t limited to a young generation of IMCA racers, but included IMCA sponsors as well,” IMCA Marketing Director Kevin Yoder noted. “KRC has not only added this championship to their sponsorship program but the enhanced Lady Eagle program as well and for that we are very appreciative.” Top three finishers in point standings for both titles, contended by young drivers and by female drivers, respectively, receive $75 product certificates from the Lockwood, Mo., manufacturer and 23-year sponsor. All Kluhsman Racing Components certificates will be pre­sented during the national awards ban­quet in November or mailed beginning the following week from the IMCA home office.  Part of decal pro­grams for Karl Kustoms Northern SportMods and Smiley’s Racing Products South­ern SportMods, Kluhsman gives $75 product certificates to drivers finishing in the top 10 nationally in both divisions.  Information about KRC-made products and KRC distributors is avail­able at the web­site, by calling 800 814-5745 and on Facebook. LOCKWOOD, Mo. – Kluhsman Racing Components expands an already extensive IMCA pro­gram in 2020, with new awards for both Junior National Championship and Lady Eagle contend­ers. Kluhsman again gives $75 product certificates to top three drivers in each of the five regions for IMCA Modifieds, and to top three drivers in national standings for IMCA Sunoco Late Models, IMCA RaceSaver Sprint Cars, IMCA Sunoco Stock Cars, IMCA Sunoco Hobby Stocks and Mach-1 Sport Com­pacts. last_img read more

Shute’s late-night decision pays off with win in Arnold Motor Supply Hawkeye Dirt Tour

first_imgTodd Shute won Tuesday’s Arnold Motor Supply Hawkeye Dirt Tour feature at Marshalltown Speedway. The IMCA Modified checkers paid $1,000. (Photo by Barry Johnson)MARSHALLTOWN, Iowa (June 6) – The decision Todd Shute made right around midnight on Mon­day paid off with the Arnold Motor Supply Hawkeye Dirt Tour feature win Tuesday at Mar­shalltown Speedway.Shute held off a very determined Tyler Droste for the $1,000 IMCA Modified victory, his first of the sea­son.“Tyler is a very respectful racer. He was right there,” Shute said following his career 78th win in the division. “It was a very fun race but also very tense.”Shute passed Jimmy Gustin for the front spot on the sixth of 30 laps and denied Droste over the final 10 circuits.Droste ended in second, three car lengths off the pace. Kelly Shryock and 16th starting Darin Duffy closed late and were scored a very close third and fourth, respectively.Gustin, winner of the opening night event at Benton County Speedway on Memorial Day, was fifth.“We haven’t been very stellar this year. I think we changed just about everything we could on the car and didn’t actually decide until about midnight the night before that I’d come,” said Shute. “This is a big race and one we gear up for, and I’ve got a very understanding boss in Gary Shearer at Karl Performance. He’s a drag racer but he gets dirt racing.”The only cautions of the contest came on laps seven and nine. Droste challenged low on the se­cond restart and briefly ran three-wide with Shute and Gustin.Top four spots were contended after midway, with Shryock challenging Gustin for third and then Droste making his a bid for the lead.Droste tried sliders on laps 21 and 27. Shute moved to a lower line in the final laps to seal the win.“I kind of ran all over in (turns) one and two and pretty much ran the top in three and four before getting up to a lapped car late,” said Shute. “I moved to the middle the last three laps and got away from them a little.”Shute’s one previous tour win had come in July of 2013 at Southern Iowa Speedway. He was al­ready on the ballot for the upcoming Fast Shafts All-Star Invitational.The third of 10 Arnold Motor Supply Hawkeye Dirt Tour dates this season is next Tuesday, June 13 at West Liberty Raceway. Deery Brothers Summer Series IMCA Late Models are also on the card that evening.Feature results – 1. Todd Shute, Des Moines; 2. Tyler Droste, Waterloo; 3. Kelly Shryock, Fer­tile; 4. Darin Duffy, Urbana; 5. Jimmy Gustin, Marshalltown; 6. Kyle Brown, Madrid; 7. Joel Rust, Grundy Center; 8. Justin Kay, Wheatland; 9. Brian Irvine, Oelwein; 10. Jacob Murray, Hart­ford; 11. Clay Money, Penokee, Kan.; 12. Jesse Hoeft, Forest City; 13. Tim Ward, Harcourt; 14. John Emerson, Waterloo; 15. Corey Dripps, Reinbeck; 16. Nate Hughes, Humboldt; 17. Troy Cordes, Dunkerton; 18. Shane DeMey, Denison; 19. Derek Reimer, Marshalltown; 20. Josh Gil­man, Earlham; 21. Jenae Gustin, Marshalltown; 22. Cayden Carter, Oskaloosa; 23. Eric Elliott, Boone; 24. Kurt Kile, Nichols.1st heat (top three) – 1. Rust; 2. Ward; 3. Reimer; 4. Todd Inman, Altoona; 5. Cordes; 6. Jeff Ai­key, Cedar Falls; 7. Kay; 8. Richie Gustin, Gilman; 9. Josh Most, Red Oak; 10. Jacob Murray.2nd heat – 1. Droste; 2. Hughes; 3. Jimmy Gustin; 4. Gilman; 5. Kyle Brown; 6. Jason Murray, Hartford; 7. Cory Sauerman, Johnston; 8. Trent Jackson, Marshalltown; 9. Austin Emry, Kellogg.3rd heat – 1. Shute; 2. Elliott; 3. Money; 4. Emerson; 5. Irvine; 6. DeMey; 7. Cody Knecht, Whitte­more; 8. Colby Heishman, Brooklyn; 9. Tyler Gross, Ankeny.4th heat – 1. Shryock; 2. Kile; 3. Carter; 4. Duffy; 5. Dripps; 6. Hoeft; 7. David Brown, Kellogg; 8. Jenae Gustin; 9. Jon Snyder, Ames.1st “B” feature – 1. Irvine; 2. Emerson; 3. Kay; 4. Cordes; 5. Jacob Murray; 6. Inman; 7. Richie Gustin; 8. Knecht; 9. Gross; 10. DeMey; 11. Heishman; 12. Most; 13. Aikey.2nd “B” feature – 1. Kyle Brown; 2. Duffy; 3. Hoeft; 4. Jenae Gustin; 5. Gilman; 6. Dripps; 7. Ja­son Murray; 8. David Brown; 9. Sauerman; 10. Emry; 11. Snyder; 12. Jackson.last_img read more

George Stevens Academy baseball team wins sportsmanship award

first_imgBLUE HILL — The George Stevens Academy baseball team, led by head coach Dan Kane, has received the 2018 Peter Webb Good Sportsmanship Award for the fourth consecutive year. The Eagles have won the award seven of the last 18 seasons.The award, named after a longtime official in Maine, goes to a team in Class C or D whose players, coaches and team staff “have shown outstanding sportsmanship throughout the season,” according to the Eastern Maine Baseball Umpires Association, which bestows the award.This is placeholder textThis is placeholder textlast_img read more

Herath to captain SL for Zimbabwe Tests

first_imgVETERAN spinner Rangana Herath will break a 30-year record when he captains Sri Lanka on their Test series against Zimbabwe after regular skipper Angelo Mathews pulled out of the tour due to injury.Herath will take the reins for the two-Test tour after Mathews joined his deputy Dinesh Chandimal in withdrawing from the trip.The 38-year-old left-arm spinner, who took 28 wickets in Sri Lanka’s 3-0 series whitewash of Australia, will become the oldest player to make his Test captaincy debut since 1983.A statement from Sri Lanka Cricket did not say why Mathews pulled out after being named in the original 15-man squad on Friday, but official sources said it was related to a recurring calf muscle injury.Mathews tore his calf during the fourth one-day international against Australia in August and will rest ahead of Sri Lanka’s three-Test tour of South Africa starting late December.The allrounder is expected to miss three weeks and is also in doubt for the ODI tri-series, also featuring the West Indies, that follows the Zimbabwe Tests.Vice-captain Chandimal also won’t make the trip to Zimbabwe, allowing him more time to recover from a thumb injury he sustained during a domestic match last month.There are three new faces in Sri Lanka’s Test squad – fast bowlers Kasun Madushanka and Lahiru Kumara and allrounder Asela Gunaratne.The first Test begins on October 29 in Harare while the second is scheduled from November 6 at the same venue.Sri Lanka Test squad: Rangana Herath (c), Kusal Perera, Kusal Mendis, Kaushal Silva, Dimuth Karunaratne, Dhananjaya de Silva, Niroshan Dickwella, Dilruwan Perera, Lakshan Sandakan, Kasun Madhushanka, Lahiru Kumara, Lahiru Gamage, Suranga Lakmal, Asela Gunaratne.last_img read more

Okocha: Bundesliga Better than Premier League

first_img“Bundesliga is better than Premier League in terms of tactical approach, technical approach, discipline, stadium attendance and number of goals scored per week,” observed Okocha whose stint as Eintracht Frankfurt remains talking point to date.Okocha also insisted that the Bundesliga has the best youth development programme in Europe. He attributed the youth programme as one of the reasons for the successful development of German football in recent years.Bundesliga usually attracts more than 18 million spectators in total to the stadiums every season. The Bundesliga’s current average attendance of about 42,000 fans per match is the highest in a professional football league worldwide and only second after the American National Football League (NFL) compared to all professional sports leagues.According to StarTimes Marketing Director, Mr. Dare Kafar, “The Bundesliga Legends Tour is a continuation of the journey that was started more than twelve months ago when StarTimes signed the exclusive broadcast right of the Bundesliga for five years in Nigeria.”He further reiterated that, StarTimes is also using this platform to allow subscribers and fans to interact with their Bundesliga legends.Okocha while in Lagos and Accra will share his experience on the Bundesliga during live studio shows and serve as co-commentator for Bundesliga matches. He is to also take part in various activities like football clinics and autograph sessions for African football fans.Another Bundesliga legend, Sunday Oliseh will visit Kenya between December 20 and 22 where he will appear as an analyst and guest with media partners, holding training sessions with local football managers and meeting with football fans in Nairobi.Speaking on behalf of the Managing Director, DFL Sports Enterprises, Mr. Daubitzer, Tobias Ross stated that, ‘Bundesliga is very proud to partner StarTimes and Austin Jay-Jay Okocha.He underlined that it is very important for them to take the Bundesliga experience out of Germany with activities such as the Legends Tour. “We want to be close to our international supporters and show them what makes the Bundesliga so special,” Ross noted.StarTimes Bundesliga Legend, Tobias Ross, Manager for International Marketing–DFL, Henning Brinkmann, Manager for Sales and Marketing – DFL, Bundesliga and Jana Bernhard, Manager for Events and Promotion – DFL alongside many other dignitaries attended the event which held last weekend in Lagos.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Duro IkhazuagbeFormer Super Eagles Captain Austin Jay Jay Okocha has described the German Bundesliga as a better league than the English Premier League in terms of statistics.Speaking with sports journalists at the Bundesliga Legend Tour with Austin Jay Jay Okocha, organised by foremost digital television company, StarTimes and DFL Deutsche Fussball Liga, Okocha, insisted that in terms of tactical approach, technical approach, discipline, stadium attendance and number of goals scored per week, Bundesliga was better.last_img read more

Clonmel RFC look to continue successful season

first_imgMunster Junior League Division One champions Clonmel RFC will begin their efforts to play at senior level next season when their Round Robin series of matches kicks-off tomorrow.The South Tipp club will have home advantage when they come up against Connacht champions Connemara with a 2.30pm start.Former Ireland international Denis Leamy has coached Clonmel to a Munster Junior Cup, a Munster Challenge Cup and a Munster Junior League Division One title.  Team manager Joe Winston has praised the efforts of the Dualla man in getting the them this far.last_img read more

Club Action – Results

first_imgPhoto © Tipperary GAA West Minor B FootballGroup One -Annacarty/Donohill 4-1 Clonoulty/Rossmore 0-7“Tipperary Water” County Hurling Lg, Div 1,Group 1Toomevara 3-25 Eire Og Annacarty/Donohill 0-18Group 2Clonoulty/Rossmore 1-10 Upperchurch-Drombane 2-19Then in Div 2, Group 1Lorrha, Lorrha-Dorrha 1-18 Newport 0-12In Div 4, Group 1Gortnahoe-Glengoole 1-20 Shannon Rovers 1-17“Tipperary Water” County Football Lg Div 1Group 1Arravale Rovers 0-13 Ardfinnan 1-12Div 2, Group 1Loughmore-Castleiney 0-7 Rockwell Rovers 0-5Div 3, Group 1Roscrea, Inane Rovers – Rosegreen W/OKillenaule, Killenaule 0-10 Clerihan 1-5Group 2Emly, Emly 0-6 St Patrick’s 2-7 In Club action todayIn the Mid Tipp Junior Hurling LeagueDiv 1Thurles Sarsfields 0-10 Moycarkey-Borris 4-12Div 2Thurles Gaels 1-11 Boherlahan-Dualla 1-22last_img read more

St. John’s hires Mike Anderson, ending prolonged coaching search

first_imgMullin was hired by his alma mater in March 2015 despite not having any coaching experience. The team struggled to a 38-60 record during his first three seasons but won 14 of its first 15 games in 2018-19.The Red Storm, however, fell apart and then dropped four of their final five games. Their season ended with a loss to Arizona State in the First Four. Welcome to New York, Mike Anderson!PRESS RELEASE:— St. John’s BBall (@StJohnsBBall) April 19, 2019Anderson spent the last eight seasons at Arkansas, where he registered a 169-102 record and reached three NCAA Tournaments. He was fired in late March after the Razorbacks finished 18-16 in 2018-19.The 59-year-old had previously coached at Alabama-Birmingham and Missouri. He has advanced to the big dance nine times over his 17-year career. Related News Brothers Sam and Joey Hauser transferring from Marquette St. John’s prolonged coaching search came to an end Friday when the school announced it has hired Mike Anderson to replace Chris Mullin.”My family and I are extremely excited to join the St. John’s University community,” Anderson said in a press release. “This basketball program is rooted with such great tradition and it has a history built by legendary coaches, so this is a humbling experience. I look forward to mentoring the young men who will represent St. John’s proudly on the court, in the classroom and in our community.”center_img “Coach Anderson is one of the most respected coaches in college basketball and there is no doubt in my mind that he is the perfect fit to lead our program,” director of athletics Mike Cragg said.Mullin, the best player in St. John’s history, decided to step down as the program’s head coach earlier this month after four seasons.“I am forever grateful to St. John’s for giving me the opportunity to hear Carnesecca Arena and Madison Square Garden roar again for college basketball and especially for our players,” Mullin said in a statement announcing his decision. “I will always support St. John’s University in keeping our basketball tradition alive.”Since then, the school has reportedly been turned down by multiple candidates. Its reported top choice, Bobby Hurley, signed a contract extension with Arizona State before Loyola-Chicago’s Porter Moser and UMBC’s Ryan Odom rejected inquiries from the Red Storm.Iona coach Tim Cluess, who played at the school for two seasons from 1979-81, also pulled his name out of the running earlier Thursday.Anderson seems like he’ll be in for a big rebuild at St. John’s. Guards Shamorie Ponds and Justin Simon declared early for the NBA Draft while forward Marvin Clark II graduated. Bryan Trimble Jr. and LJ Figueroa have also entered the transfer portal.A pair of key recruits, Cam Mack and Nate Tabor, decommitted following the departure of Mullin and his staff, as well. Chris Mullin explains decision to step down as St. John’s coachlast_img read more