Corporate Governance 27 March 2026 - 12 May 2026

Why CAR Group’s Shareholder Shake-Up Is Suddenly in Focus
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Why CAR Group’s Shareholder Shake-Up Is Suddenly in Focus

CAR Group said First Sentier and related Mitsubishi UFJ entities are no longer substantial holders, according to an ASX notice posted May 13. The filing follows First Sentier’s recent disclosure of a 5.16% stake and MUFG’s earlier notice of 5.14% voting power. CAR shares closed at A$26.91, up 3.42%, on volume of 3.46 million. The company’s operating outlook and guidance remain unchanged.
May 13, 2026
Toyota Industries’ 77-Year Market Run Is Ending After Toyota Group Buyout Vote
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Toyota Industries’ 77-Year Market Run Is Ending After Toyota Group Buyout Vote

Toyota Industries shareholders approved a share consolidation Tuesday, clearing the way for delisting from the Tokyo and Nagoya exchanges on June 1. The $30 billion take-private deal, Japan’s largest since 1985, will end a public listing dating to 1949. Most minority shareholders will be bought out for cash after the reverse split. The company will also sell its cross-shareholdings in other Toyota group firms.
May 12, 2026
Nidec’s New Quality-Fraud Scare Hits After Accounting Crisis — And Investors Have One Big Question
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Nidec’s New Quality-Fraud Scare Hits After Accounting Crisis — And Investors Have One Big Question

Nidec is preparing to launch an external legal investigation into suspected quality fraud involving motor parts, with more than 1,000 design-change cases reported by Nikkei. The news broke after Nidec shares closed up 2.9% at a year-to-date high, as the company remains under Tokyo Stock Exchange scrutiny and faces a 91.2 million yen penalty for conduct violations.
May 12, 2026
Unilever PLC’s $65 Billion McCormick Deal Faces Fresh ESG Investor Pressure
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Unilever PLC’s $65 Billion McCormick Deal Faces Fresh ESG Investor Pressure

Some Unilever investors are demanding strict sustainability and deforestation standards for the $65 billion foods merger with McCormick & Co. McCormick would control a larger supply chain with greater exposure to agricultural risks. Unilever says 97% of its key commodities were deforestation-free in 2025, while McCormick is updating its sustainability program. The deal is expected to close by mid-2027.
May 9, 2026
Zip Co Shares Face Monday Test After State Street Cuts Voting Power Below 10%
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Zip Co Shares Face Monday Test After State Street Cuts Voting Power Below 10%

State Street Corp reduced its disclosed voting power in Zip Co Ltd to 9.73% from 10.74%, according to a filing released ahead of Monday trading in Sydney. Zip shares last traded at A$2.41 after a sharp rebound in April. The company recently lifted its FY26 earnings guidance and reported a 41.5% jump in third-quarter cash EBTDA to A$65.1 million. Net bad debts rose to 1.93% of transaction volume in the third quarter.
May 3, 2026
Weir Group PLC Shares Slide After CEO Shake-Up: Order Growth Becomes the Test
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Weir Group PLC Shares Slide After CEO Shake-Up: Order Growth Becomes the Test

Weir Group shares fell 2.03% to £26.00 on Friday, extending losses after a trading update showed first-quarter organic orders down 3%, despite total group orders rising 4% at constant currency. Minerals division head Andrew Neilson will replace CEO Jon Stanton on August 1. The Minerals unit, which makes up over 71% of revenue, also saw a 3% drop in organic orders.
May 2, 2026
Wise PLC Class A Stock Heads for Nasdaq Switch After New Voting-Rights Filing
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Wise PLC Class A Stock Heads for Nasdaq Switch After New Voting-Rights Filing

Wise PLC Class A shares will trade for the last time on May 8 before Wise Group Class A shares begin trading in London and on Nasdaq on May 11. The company reported £49.4 billion in Q4 cross-border volume, up 26% year-on-year, and 11.3 million active customers. Wise’s market cap stood near £10.84 billion as of May 1. U.S. tax and regulatory risks remain flagged for shareholders.
May 2, 2026
3i Group plc Directors Buy Shares as Action Growth Concerns Put Stock Back in Focus
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3i Group plc Directors Buy Shares as Action Growth Concerns Put Stock Back in Focus

Five 3i Group directors or senior managers acquired shares via the Share Incentive Plan, disclosed Friday after the stock closed at £25.35, down 2.2% and 43.63% below its October high. Each bought 70 shares at 2,572.33 pence and received 140 matching shares. 3i’s annual results are due May 14. The company remains closely tied to Action, its Dutch discount-retail holding.
May 1, 2026
Bunzl plc Shares Edge Higher as Voting Rights Update Keeps 2026 Margin Test in Focus
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Bunzl plc Shares Edge Higher as Voting Rights Update Keeps 2026 Margin Test in Focus

Bunzl plc reported 324,211,429 ordinary shares in issue as of April 30, with no shares held in treasury. First-quarter revenue rose 1.5% at constant exchange rates, but fell 0.4% at actual rates. Bunzl shares closed 0.29% higher in London, valuing the group at about £7.8 billion. The company reiterated its 2026 guidance, expecting moderate revenue growth and a slightly lower operating margin.
May 1, 2026
Woodside Energy CEO Pay Revolt Puts $14.8 Million Package And LNG Growth Plan In Spotlight
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Woodside Energy CEO Pay Revolt Puts $14.8 Million Package And LNG Growth Plan In Spotlight

Woodside CEO Liz Westcott faces scrutiny after 34.52% of shareholders voted against her FY26 long-term incentive award at the annual meeting, despite the resolution passing. The company is set to report first-quarter results April 29, as investors question executive pay, project delivery, and climate risk. Major pension funds HESTA and CalPERS opposed the pay package, which could reach A$14.8 million.
April 26, 2026
BP PLC Faces Investor Revolt Before Meg O’Neill’s First Big Results Test
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BP PLC Faces Investor Revolt Before Meg O’Neill’s First Big Results Test

BP shareholders rejected two board-backed proposals at the annual meeting, with 52.88% voting against new articles of association and 52.53% against revoking earlier climate-related votes. Chair Albert Manifold was elected with 81.77% support, while CEO Meg O’Neill received 96.76%. The votes come as BP seeks to reset strategy and faces pressure over climate risk and governance.
April 25, 2026
BP Shareholder Revolt: Climate Vote Blow Puts New CEO Meg O’Neill on the Spot
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BP Shareholder Revolt: Climate Vote Blow Puts New CEO Meg O’Neill on the Spot

BP shareholders rejected two board-backed proposals on virtual-only meetings and revoking climate disclosure rules at the annual general meeting, with over 52% voting against each. Chair Albert Manifold was re-elected with 81.77% support, while new CEO Meg O’Neill received 96.76%. BP will report first-quarter results on April 28 after signaling strong oil trading.
April 24, 2026
Haleon PLC Drops Asia Symbol After Deforestation Probe: Why Sensodyne Maker Faces New ESG Test
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Haleon PLC Drops Asia Symbol After Deforestation Probe: Why Sensodyne Maker Faces New ESG Test

Haleon PLC dropped Asia Symbol from its packaging supply chain after an investigation linked the paper group’s pulp to Indonesian rainforest clearance. Haleon said its review found no evidence deforestation-linked material entered its products but called the findings “very concerning.” The move comes as Haleon expands in China and days before its first-quarter results and annual meeting. Asia Symbol denies its pulp for Haleon came from disputed sources.
April 22, 2026
HSBC Holdings Plc Faces New Climate Accounting Fight as Investors Push UK Watchdog
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HSBC Holdings Plc Faces New Climate Accounting Fight as Investors Push UK Watchdog

A group of institutional investors has asked Britain’s Financial Reporting Council to review HSBC’s 2025 accounts and audit, citing concerns over how climate risks are reflected. The request comes ahead of HSBC’s May 5 earnings release and May 8 annual meeting. Investors say HSBC’s statements may underestimate climate-related losses. HSBC and auditor PwC did not comment.
April 22, 2026
BP PLC Chair Gains Key Investor Backing Before AGM Climate Vote Fight
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BP PLC Chair Gains Key Investor Backing Before AGM Climate Vote Fight

BP Chair Albert Manifold has backing from at least three major shareholders ahead of Thursday’s annual meeting, Bloomberg reported. Norway’s $2.2 trillion wealth fund will vote for Manifold, while Legal & General, Glass Lewis, and a UK pension forum oppose parts of the board’s stance on climate disclosure. The meeting comes before BP’s first-quarter results, with the company warning net debt will rise.
April 22, 2026
BP PLC AGM Clash Deepens as Glass Lewis Urges Vote Against Chair Over Climate Resolution
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BP PLC AGM Clash Deepens as Glass Lewis Urges Vote Against Chair Over Climate Resolution

Glass Lewis urged BP shareholders to vote against Chair Albert Manifold’s re-election after the board blocked a climate resolution from the April 23 AGM. Legal & General Investment Management also plans to oppose Manifold. ISS, another proxy adviser, criticized BP’s move to revoke earlier climate pledges. BP defended its actions, citing investor feedback and a push for standardized disclosures.
April 8, 2026
Anglo American Narrows UK Gender Pay Gap Ahead of AGM, but Bonus Gap Remains Wide
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Anglo American Narrows UK Gender Pay Gap Ahead of AGM, but Bonus Gap Remains Wide

Anglo American’s UK head-office unit reported women earned 79p for every £1 paid to men on a median basis, with a 24.2% mean pay gap. The median bonus gap widened to 46.7%. Women made up 54% of staff but only 41% of the top pay quartile and 38.5% of senior management. The update comes as Anglo pursues a merger with Teck and prepares for its annual meeting on April 29.
April 6, 2026
Victory Backs Off Janus Henderson Fight After Peltz’s $52 Bid — But One Risk Still Lingers
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Victory Backs Off Janus Henderson Fight After Peltz’s $52 Bid — But One Risk Still Lingers

Trian Fund Management and General Catalyst raised their Janus Henderson bid to $52 a share in cash, prompting Victory Capital to withdraw its competing offer on March 24. Janus’s board called the Trian-General Catalyst deal the only actionable proposal and kept the April 16 shareholder vote. Janus shares closed Friday at $51.35, just below the offer price. The board cited client concerns over Victory’s proposal.
March 27, 2026
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