NGO firm to take on Lewis board
Active Shareholder plans to vote against the re-election of several of Lewis’ long-standing directors
Active Shareholder, a company recently established by a group of nongovernmental organisations to actively manage the voting of their share portfolios, is taking a stand on corporate governance at Lewis Stores. The company, which will focus on social and governance policies at JSE-listed companies, is voting against the re-election of several of Lewis’ long-standing directors at Tuesday’s annual general meeting. It is also voting against the group’s remuneration policy. Executive director Sahra Ryklief said Active’s mandate was to engage on behalf of its shareholding clients, with listed companies on their effect on society. "The Lewis holding was something of a legacy and was instrumental in our realisation that we had to become active.
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