Unilever plc (LON:ULVR) is to engage more with its shareholders following recent opposition to its executive pay scheme and plans to move its headquarters out of London.
The consumer goods giant’s compensation plan was opposed by more than a third of its UK shareholders back in May, while more recently it was forced to withdraw a proposal to relocate its headquarters to Rotterdam after several of its major investors publicly denounced the move.
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The revolts have called into question how closely the FTSE 100 company, which makes everything from Dove soap to Marmite, listens to its shareholders.
One of Unilever’s senior executives, Peter Newhouse, told the Business, Energy and Industrial Strategy (BEIS) Committee that London’s third-largest company is engaging with investors and has planned meetings throughout this month.
He said the company would discuss with shareholders the failed relocation plan and the opposition to its proposals on pay.
When asked if Unilever had a good record of engaging with shareholders, Newhouse said: “Everybody could improve.”
Unilever will publish its third-quarter results on Thursday.
Shares were up 1% to 4,042p in late deals on Tuesday.