Investegate |Irish Continental Announcements | Irish Continental: Directorate change investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.
FBD, ICG and Uniphar under fire over executive pay Advisory firms to big corporate companies critical of top-level remuneration ahead of agms
about 2 hours ago
Glass Lewis has also called on ICG shareholders to vote against its pay report at its agm next Wednesday. File photograph: Getty
Your Web Browser may be out of date. If you are using Internet Explorer 9, 10 or 11 our Audio player will not work properly.
FBD, Irish Continental Group (ICG) and Uniphar face potential backlashes over executive pay at their upcoming annual general meetings on foot of opposition from influential shareholder advisory groups.
Glass Lewis, which advises big investment firms on corporate governance issues, recommended that shareholders vote against insurer FBD’s remuneration report at its annual general meeting (agm) next Wednesday, taking issue with a 10 per cent salary increase for finance director John O’Grady last year, to €308,000.
A
Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Cork tech company Everseen, which is backed by several high profile Irish business figures, is suing Walmart in the US, alleging the retail giant stole its technology to build a competing product.
Everseen develops technology using artificial intelligence to improve efficiencies at self-service checkouts, such as spotting irregularities like items not scanning.
The company, which is valued at over €100mm sells the technology, called ‘checkout process intelligence’ (CPI), to retailers as a means to reduce theft in stores. Walmart was one of its most high profile customers.
In a lawsuit filed in Arkansas, where Walmart’s corporate headquarters are located, the Cork company alleges that Walmart used confidential and proprietary information about its technology shared during contract review talks to eventually build its own product which operates similarly to Everseen’s.
The extent of the confusion early on is reflected in the fact the Revenue’s 24/7 Customs Helpline answered 7,230 calls in the first 27 days of January – an average of 267 per day. The term ‘frontline’ also springs to mind here also for those answering the calls from pretty irate truck drivers and logistics operators.
There does appear to be real evidence that the situation at Irish ports has improved. But further complications are on the way for exporters.
The British government has adopted a phased approach to the introduction of import controls with further phases commencing on April 1 and July 1.
Business Newsletter