UK local government funds criticise Barclays over executive pay

first_imgThe Local Authority Pension Fund Forum (LAPFF) has said it will vote against Barclay’s executive remuneration plan at today’s annual general meeting (AGM), while attacking its decision for Sir John Sunderland to lead the selection of the bank’s new chairman.The forum, a shareholder voting group for 60 local authority funds with more than £120bn (€146bn) in assets, said it believed institutional shareholder pressure was the only meaningful way to spur change at the bank.Sunderland is currently non-executive director at the bank, and former head of the remuneration committee, which came under severe criticism from shareholders for excessive pay.Councillor Kieran Quinn, who chairs the forum, said: “Sir John Sunderland has fortunately recognised it is inappropriate for him to serve as chair of the remuneration committee, but how can it be appropriate for him to lead the selection of Barclay’s new chair? “It appears that a continuing series of no votes by institutional shareholders is one of the few options open for meaningful engagement at Barclays.”The re-election of Sunderland and planned remuneration are two of the bank’s proposals expected to be rejected by the Forum and fellow institutions at today’s AGM.Pensions & Investment Research Consultants (PIRC), a proxy-voting service, has advised its members to follow suit.Standard Life Investments (SLI), asset manager and institutional shareholder, also denounced the bank’s remuneration policy.Owning 1.92% of the bank on behalf of its clients, SLI said it did not take the decision to reject the remuneration report lightly.Alison Kennedy, stewardship director at the manager, said: “We appreciate there were competitive pressures. Nevertheless, we are unconvinced the amount of the 2013 bonus pool was in the best interests of shareholders.“The board has stated its intention of reducing the compensation to net income ratio over the medium term. We support this intention, and it is important that, over time, the board demonstrates convincingly this will be achieved.”A spokesman for the LAPFF added that, while Barclays was a high-profile example, it was the tip of the iceberg for the problems in the financial sector.“The LAPFF has a long history of raising governance concerns at Barclays and at banks in general, going back to the LIBOR scandal, executive remuneration and accounting standards,” he said.“It is clear Barclays is the tip of the iceberg of dissatisfaction from pension funds.”last_img read more

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Football Lakers, Eagles get wins; WG falls to Baldwinsville

first_imgSkaneateles continued to move the ball at will during the second quarter, with Musso nearly matching the school record-tying seven TD passes he threw two weeks earlier against Holland Patent.Nesbitt caught Musso’s fifth TD strike from 30 yards out and Patrick Herr got his turn with a three-yard scoring pass. Also, Grayson Brunelle ran 10 yards into the end zone just before halftime.Brunelle added a 44-yard TD run in the third quarter, part of a tremendous night where he gained 203 yards on the ground on just 12 carries. Musso was 13-for-18 for 165 yards as Jack Comer added 66 yards on six carries. Tags: footballJordan-ElbridgeskaneatelesWest Genesee As that went on, Jordan-Elbridge shook off a pair of season-opening defeats by claiming its Class C West division opener at John Howes Stadium, pulling away in a 25-6 victory over the Hannibal Warriors.Whatever struggles the Eagles had in the early stages was masked by a string of Hannibal fumbles. Twice, they led to scores for J-E as Alex Pond threw an 12-yard TD pass to Erik Ryan and Luke Pinckney ran four yards for another score.The Warriors did hang on to the ball long enough in the second period to cut J-E’s advantage to 13-6, but a long return by Trent Thomas on the second-half kickoff to the Hannibal 29 set up Pond’s second TD pass to Ryan, this one covering 15 yards.To clinch it, the Eagles covered 60 yards in just four plays in the final period, Pinckney going the final 23 yards for the touchdown. All told, Pinckney gained 83 yards on 13 carries as Pond completed nine of 13 passes for 112 yards.Up in the Class AA ranks, West Genesee was 1-1 going into its league opener against Baldwinsville at Pelcher-Arcaro Stadium, only to have the winless Bees rise up and defeat the Wildcats 20-12.A big moment came early. WG’s defense had B’ville pinned on its own one-yard line. Instead of the ground game, Braden McCard threw 32 yards to Pat May, and the momentum shifted as McCard later scored from one yard out.B’ville’s defense kept the Wildcats quiet until the middle of the second period, when a 40-yard pass from Braeden McNeil to John Benson set up Exavier Brumfield’s one-yard TD plunge..But the Bees blocked the extra point and quickly answered with a drive of its own, McCard ending with a seven-yard scoring toss to Cameron Jessen. The extra point had B’ville in front 14-6, where it stayed at halftime.Late in the third quarter, WG put together another solid drive that McNeil finished by scrambling four yards for a TD. Again, the Bees were able to stop the tying conversion attempt, Pat May tackling Brumfield just before he could dive past the goal lines.So it was 14-12 and, midway through the final period, B’ville moved to the Wildcats’ 30-yard line, where Mike Letizia followed perfect blocks as he dashed to the end zone with 5:35 to play. All told, Letizia ran for 143 yards, a majority of the Bees’ total of 228 yards on the ground.Though the Bees missed the two-point attempt, its defense kept the Wildcats from moving the ball in the final minutes. Having fallen to 1-2, WG is back home next Friday to face Utica Proctor as Skaneateles gets its turn against Hannibal and J-E hosts Cato-Meridian.Share this:FacebookTwitterLinkedInRedditComment on this Story center_img Impressive victories over Holland Patent and Canastota landed the Skaneateles football team at no. 2 in the first state Class C rankings of the fall, behind only Section IV’s Susquehanna Valley.And the Lakers sure weren’t going to fall after Friday night’s Homecoming festivities at Hyatt Stadium, where it jumped all over Port Byron/Union Springs with 49 first-half points on the way to defeating the Panthers 63-21.Four different times in the first quarter, the Lakers found the end zone, each time with a James Musso touchdown pass, the longest going 35 yards to Max Wamp as Nick Wamp caught a pair of four-yard scoring passes and Musso connected with Cody Nesbitt from 15 yards out.last_img read more

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Badgers move back indoors for WCHA battle with Mavericks

first_imgUW junior defenseman Cody Goloubef and the Badgers hope to retain the momentum they gained from their 3-2 win over Michigan in the Camp Randall Outdoor Classic and take it into their home[/media-credit]If you believe what the Wisconsin men’s hockey team is saying, don’t expect an open-air hangover.Fresh off a 3-2 comeback win in front of 55,000 fans in Camp Randall’s outdoor game last week, the No. 3 Badgers got back to business in practice Monday. Despite the excitement surrounding that event, the win was ultimately just one of many in the season.UW head coach Mike Eaves was impressed with how his players responded.“It’s been interesting. I think there’s been a very mature kind of ‘win, go back to work, get ready to win again,’ kind of attitude,” he said.“There was so much buildup to that game, it was almost a relief that it ended the way it did, with a win,” senior tri-captain Ben Street said. “We celebrated that and enjoyed that… but it was just a check mark, it was checked off as ‘win that game.’ There’s a bunch more goals that are coming up.”Next on the list for Wisconsin is a home series with the Minnesota State Mavericks (12-14-2). On paper, the weekend looks like an easy four points for UW, but the Badgers won’t take the games for granted.In the second weekend of the season, Wisconsin went on the road to Mankato, where the Badgers lost a 3-2 game in the final five minutes of Saturday’s contest after a convincing 6-0 shutout the night before.Two five-minute major penalties in the third period of that 3-2 loss were evidence of one of few games where the Badgers let things get away from them. While they had letdown-type Saturday games against Minnesota, Colorado College and Minnesota-Duluth, Eaves said there hasn’t been a consistent reason for the second-game losses.Heading into the stretch run — UW has just eight regular season games left — Eaves thinks his team has learned from its previous failures.“I think every time you lose, there’s something in there that becomes a lesson and the intelligent teams are the ones that learn that lesson and apply it later,” he said.After that series, UW sat at just 1-2-1 and looked little like the squad that has been dominant for much of the season since then. At 16-7-4 now, confidence is one of the Badgers’ biggest strengths.“We’ve been through a lot since then; we’ve got the outdoor game out of the way, we’ve got a lot of big series out of the way,” Street said. “We’ve grown; I think we’re a more mature team now then we were then.”“We don’t think we can win, we know we can win every game if we play our ‘A’ game,” defenseman Cody Goloubef said.That ‘A’ game has led to UW owning the second-highest scoring offense in the nation, averaging 3.85 goals per game. Wisconsin is also second in the country in scoring margin and eighth in scoring defense.MSU’s offense has struggled, with a 2.64 goals per game average. Since the year started, the Mavericks have scored three or more goals in a game just four times in eight games.Before a 3-2 win over WCHA basement-dweller Michigan Tech on Jan. 30, Minnesota State was on a five-game losing streak, which included sweeps at the hands of Minnesota-Duluth and North Dakota.That’s not to say the Mavericks haven’t had their moments, though. In addition to their win over UW, they also swept No. 5 Bemidji State in December, winning 5-1 and 3-2 games.With Minnesota State hoping to play the role of spoiler, Street knows the Badgers can’t afford a letdown.“Down the stretch here, it is so tight that we can’t afford to give up any points, especially when we’re at home,” he said. “They’re a team that can come in and they kind of thrive on stealing points, ruining the party when they’re here.”Wisconsin sits tied for fourth in the WCHA with 25 points, but has two games in hand on conference co-leaders St. Cloud State and UMD. If North Dakota can sweep St. Cloud State and Denver loses both games to Minnesota, Wisconsin could move into a first place tie by sweeping Minnesota State. UMD is idle this weekend.The Badgers won’t be scoreboard watching though, as their only concern now is the Mavericks.“With how tight [the WCHA] is, you’ve got to assume the other teams are going to take their points,” Street said. ‘So we’ve got to win just to keep up and give ourselves a chance.”Wisconsin emerged from a strong part of its schedule — at Colorado College, home against Denver and at Minnesota-Duluth — with a 3-2-1 record. Combined with the outdoor game win over Michigan, sophomore forward Jordy Murray said the team wants to keep its foot on the pedal for the rest of the season.“We just want to play real good hockey going into this final stretch. We know how important the points are, especially with the WCHA being as close as it is,” Murray said. “We just want to be playing our best hockey come playoff time, and this is a good time to start.”last_img read more

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Mavs Eliminate McNeese in NISC Regional Final

first_imgNOTES T5- UTA gets on the board and avoids the shutout with a run B6- The Mavericks tied the game with two a two RBI double to left field. McN 3, UTA 3 NOTES B5- UTA cut into the lead with a run in the fifth behind two hits B6- McNeese got the run back when Toni Perrin led the inning off with a triple then scored on a single by Boudreaux. McN 6, UTA 1 After a tournament opening 7-3 win over Middle Tennessee on Thursday, the Cowgirls fell 5-3 to the UTA Friday afternoon for their first loss in the double elimination tournament. The Cowgirls defeated Stephen F. Austin 3-1 on Saturday to advance to the championship game. Story by Pam LaFosse / McNeese Sports InformationNACOGDOCHES, Texas — McNeese softball made its first NISC Regional Tournament a memorable one despite losing 4-3 in 10 innings to Texas-Arlington here Saturday afternoon in the championship game.  Senior Justyce McClain, junior Cori McCrary, and sophomore Toni Perrin were named to the all-tournament team. McNeese ends its season with a 33-32 record.center_img McNEESE 6, UT-Arlington 1B3- McNeese scored five runs on five hits and took advantage of two UTA errors. Justyce McClain singled through the left side to score Alexandria Saldivar for the first run. Sara Geier then scored on a sacrifice fly by Cori McCrary then Haylee Brinlee scored on a sac bunt by Kaylee Lopez. McClain came home to score on an RBI single down the right field line by Aubree Turbeville and Turbeville scored the fifth run on a single through the left side by Demi Boudreaux. McN 5, UTA 0 UT-Arlington 4, McNEESE 3 (10 inn.)T3- McNeese took the early lead once again with three runs off three hits. RBI’s by Kaylee Lopez, Aubree Turbeville, and Toni Perrin helped the Cowgirls jump out to the early lead. McN 3, UTA 0 McNeese collected seven hits Toni Perrin and Demi Boudreaux had two hits apiece Boudreaux had the only extra base hit with a triple in the sixth Five Cowgirls had at least one RBI Alexsandra Flores ended her junior season with the win and a 15-12 record Flores gave up one run on six hits with one strikeout in the complete game B10- UTA scored the winning run on a walk off single. UTA 4, McN 3 McNeese collected 13 hits McNeese left runners in scoring position in 7th, 8th, and 9th innings Cori McCrary, Kaylee Lopez, Toni Perrin, Sara Geier, and Haylee Brinlee all had two hits apiece Toni Perrin had the only extra base hit (double) for McNeese Ashley Koncir gave up three runs on six hits in 5.0 innings. Caroline Settle (9-10) took the loss in relief of Koncir. Settle gave up one run on five hits in 4 2/3 innings. McNeese began Saturday’s action with a 6-1 win over Texas-Arlington to force the “If Necessary”.last_img read more

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