Expert Corporate Governance Service (ECGS)
EUR 500.00 For Business Accounts Only

Land Securities, 11 July 2019

Item 2: Approve the Remuneration Report The structure is generally satisfactory. The main concern is that the use of qualitative criteria for the annual bonus exceeds guidelines and disclosure of performance targets for the STI is poor. For the second year in a row, a bonus has been paid, though the Company has made a loss for the year. The quantum is excessive. Therefore, we recommend shareholders oppose.

Item 21: Approve the new Articles of AssociationWhile there have been no concerns identified with the majority of the proposed changes, the Company has included a provision which would allow the Directors to determine how dividends are paid, including electronic means. Therefore, the proposed amendments mean that shareholders might lose the authority to determine how they want their dividends to be paid. For this reason, we recommend shareholders oppose.

Land Securities Group PLC

Land Securities Group is a real estate investment trust. Co. buys, sells, develops and manages commercial property in the U.K. Co.'s operations are organized into two operating segments, the London Portfolio and the Retail Portfolio. The London Portfolio includes all Co.'s London offices and central London shops and the Retail Portfolio includes all Co.'s shopping centers and shops (excluding central London shops), hotels and leisure assets and retail park properties.


Founded in 1995, Proxinvest is an independent proxy firm supporting the engagement and proxy analysis processes of investors. Proxinvest mission is to analyse corporate governance practices and resolutions proposed at general meetings of listed firms.

Proxinvest main services are :

  • ​Proxy reports
  • Definition and monitoring of client customized voting guidelines
  • Corporate Governance Data and Rating
  • Thematic research
  • Engagement support

Proxinvest has been a pioneer and champion of good corporate governance and has grown into a recognised expert in the field.

Proxinvest is independently-owned and only works for investors : Proxinvest does not provide consulting services to the companies it covers, mitigating related risks to its clients and ensuring the independence of our analysis. As a result Proxinvest is able to take a robust, independent, engaged and unconflicted view of the companies in which our clients invest.

As Managing Partner of Expert Corprate Governance Service Ltd (ECGS), Proxinvest has built a large network of corporate governance experts to support clients in corporate governance analysis worldwide. 

Expert Corporate Governance Service (ECGS)

Other Reports on these Companies
Other Reports from Proxinvest
Other Reports from these Analysts

ResearchPool Subscriptions

Get the most out of your insights

Get in touch