Reliance Industries Chairman Mukesh Ambani outlined a future focused on AI, satellite connectivity, and clean energy at the 49th AGM. Jio Platforms filed for a potential $4 billion IPO, India's largest ever. Ambani also signaled a nearing completion of leadership transition to his children.
Kkcg Maritime, second-largest shareholder in Ferretti, has filed an appeal at the Bologna Tribunal challenging recent shareholder meeting decisions, including board appointments. Kkcg seeks urgent provisional measures to suspend the resolutions, citing potential violations of Golden Power rules regarding a rival shareholder's voting rights.
TSMC, the world's largest chipmaker, is facing challenges meeting demand from American customers, even with its US factory expansion. CEO C.C. Wei cited high customer demand and the AI boom as key factors, noting that US-based production will take time to scale.
Indra's shareholder meeting on June 30th is set to be contentious, marked by the recent dismissal of De los Mozos. This follows a pattern of executive changes and uncertainty, impacting the company's stock and strategic planning.
NatWest chair Rick Haythornthwaite faced investor backlash at the bank's annual shareholder meeting in Edinburgh, which was temporarily suspended after Extinction Rebellion protesters interrupted with a song to the tune of Frère Jacques. Shareholders criticized the bank's recent decision to drop a commitment not to lend to oil and gas companies lacking credible transition plans. The Church of England pension board voted against Haythornthwaite's re-election, while Share Action representing $1.4tn in assets called for a meeting within three months. Haythornthwaite was re-elected with 92% support — the lowest approval among 25 resolutions — and defended the policy changes as a "pragmatic middle road". Union representatives also raised concerns about executive pay versus staff wages.
NatWest faces investor revolt at Tuesday's AGM in Edinburgh as campaigners demand protest votes against chair Rick Haythornthwaite. Investors controlling $1.4tn in assets and 70 climate scientists oppose the bank's recent rollback of fossil fuel lending restrictions, including dropping commitments to avoid lending to oil and gas companies lacking credible transition plans.
NatWest faces a potential shareholder revolt at its upcoming AGM as investors and climate scientists protest the bank's decision to weaken its oil and gas lending restrictions and drop key decarbonization targets.
BP suffered a major shareholder revolt at its AGM, with more than 50% voting against plans to scrap climate reporting and replace in-person meetings with online-only events. About 18% opposed re-election of chair Albert Manifold, who will remain in his role. The unprecedented rebellion included opposition from major investors like LGIM and followed criticism of Manifold for blocking a shareholder resolution from climate campaign group Follow This. New CEO Meg O'Neill now faces pressure to revive BP's fortunes after its failed green agenda under former boss Bernard Looney.
