Executive Compensation Trends - UK-based executives' compensation at the largest firms is increasing [1] - This rise in compensation is narrowing the pay gap with US peers [1] Potential Impact - The narrowed pay gap may help prevent companies from leaving London [1]

Executive Compensation - FTSE 100 公司 CEO 的年度薪酬连续第三年创下历史新高 [1]

Executive Compensation & Wealth - The report identifies 48 executives who became billionaires through employment rather than founding a company [1] - The report focuses on executives who accumulated wealth by working for others [1]

Executive Compensation - The report identifies 48 executives who became billionaires through working as employees [1] - The report focuses on executives who accumulated wealth by working for others, rather than founding their own companies [1]

Executive Compensation - The report highlights a new milestone in executive compensation: the billion-dollar year for CEOs of major U S companies [1]

Core Points - Wheaton Precious Metals Corp. held its 2025 Annual and Special Meeting of Shareholders where nominees for the Board of Directors were elected [1][3] - The company announced the passing of long-serving director Peter Gillin, who will be remembered for his contributions [2] - Shareholders approved a non-binding advisory resolution on executive compensation with 94.94% votes in favor [3] Board of Directors Election Results - George L. Brack received 320,198,848 votes (97.83% for) with 7,090,095 votes withheld (2.17% withheld) [3] - Jaimie Donovan received 323,374,043 votes (98.80% for) with 3,914,900 votes withheld (1.20% withheld) [3] - Chantal Gosselin received 312,988,404 votes (95.63% for) with 14,300,539 votes withheld (4.37% withheld) [3] - Jeane Hull received 322,832,980 votes (98.64% for) with 4,455,963 votes withheld (1.36% withheld) [3] - Glenn Ives received 326,462,793 votes (99.75% for) with 826,150 votes withheld (0.25% withheld) [3] - Charles A. Jeannes received 321,612,216 votes (98.27% for) with 5,676,727 votes withheld (1.73% withheld) [3] - Marilyn Schonberner received 324,225,349 votes (99.06% for) with 3,063,594 votes withheld (0.94% withheld) [3] - Randy V.J. Smallwood received 326,818,313 votes (99.86% for) with 470,630 votes withheld (0.14% withheld) [3] - Srinivasan Venkatakrishnan received 324,453,056 votes (99.13% for) with 2,835,887 votes withheld (0.87% withheld) [3]

Financial Data and Key Metrics Changes - Total net revenues for 2024 were $56.3 billion, exceeding initial expectations by over $2 billion [4] - Adjusted earnings per share were $10.12, which was $0.49 above the initial guidance midpoint, excluding the impact of IPR&D expense [4] - The company demonstrated a rapid return to sales growth following the loss of exclusivity for HUMIRA, with expectations to exceed previous peak revenue in 2025 [4][5] Business Line Data and Key Metrics Changes - AbbVie's growth platform delivered full-year sales growth of over 18%, allowing the company to absorb the largest loss of exclusivity in the industry and continue investing for long-term growth [5] - Adjusted R&D investment increased by $3 billion, with approximately 20 early-stage deals signed and acquisitions of ImmunoGen and Cerevil completed [5] Market Data and Key Metrics Changes - The company is well-positioned to deliver high single-digit compound revenue growth through the end of the decade [5] Company Strategy and Development Direction - AbbVie is focused on assets that can add depth to its pipeline and drive growth over the next decade, with significant investments in R&D and business development [23] - The company has expanded its immunology portfolio and entered new therapeutic areas such as obesity, which represents a potential new source of long-term growth [24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in AbbVie's ability to rapidly return to growth despite challenges related to HUMIRA's loss of exclusivity [21] - The company plans to invest over $10 billion in U.S. manufacturing capacity to support volume growth and expansion into new areas [29] Other Important Information - The board of directors opposed a shareholder proposal for a simple majority vote, stating that even if it passed, it would not eliminate the supermajority voting requirement [18] Q&A Session Summary Question: Will AbbVie continue to raise the dividend in coming years? - AbbVie generates substantial free cash flow, allowing it to support a strong and growing dividend, which was increased by 5.8% in Q1 2025 [21][22] Question: Is AbbVie considering additional M&A deals to support long-term growth? - AbbVie is focused on acquiring assets that can enhance its pipeline, including recent acquisitions in immunology and oncology [23][24] Question: Why did AbbVie decide to combine the CEO and Chair roles again? - The board believes that a combined leadership structure has proven effective and ensures appropriate oversight and independence [25] Question: How will sectoral tariffs on pharmaceuticals impact AbbVie? - It is premature to speculate on the impact of sectoral tariffs, but AbbVie plans to mitigate any potential effects through inventory management and cost efficiency initiatives [27][28] Question: How has the pipeline progressed in the past year? - AbbVie achieved several regulatory approvals and is advancing multiple pipeline programs that could be significant sources of long-term growth [32][33]

Core Points - Methanex Corporation held its Annual General Meeting on May 1, 2025, in Vancouver, British Columbia, with a total of 55,396,544 common shares voted, representing 82.2% of all outstanding shares [1][2] Voting Results - All items of business were approved by shareholders, including the election of all director nominees with high approval rates, such as Doug Arnell receiving 99.75% of votes for [2] - The re-appointment of KPMG LLP as auditor was approved with 73.04% of votes for, while 26.96% of votes were withheld [3] - An advisory vote on executive compensation was accepted with 80.76% of votes for, indicating strong shareholder support for the company's compensation approach [3] Company Overview - Methanex is the world's largest producer and supplier of methanol, publicly traded on the Toronto Stock Exchange under the symbol "MX" and on the Nasdaq under "MEOH" [3]

Core Points - TransAlta Corporation held its Annual and Special Meeting of Shareholders on April 24, 2025, with 188,962,557 common shares represented, accounting for 63.43% of the outstanding shares [1] - The eleven director nominees proposed by management were elected with high approval rates, the lowest being 91.13% for Thomas M. O'Flynn [1] - Ernst & Young LLP was appointed as the auditors for 2025, receiving 96.74% approval [2] - The non-binding advisory vote on executive compensation was approved with 98.90% in favor [3] - The continuation of the Company's Amended and Restated Shareholder Rights Plan was approved with 97.44% support [4] Company Overview - TransAlta owns and operates a diverse fleet of electrical power generation assets in Canada, the United States, and Australia, focusing on long-term shareholder value [6] - The company is one of Canada's largest producers of wind power and Alberta's largest producer of thermal generation and hydro-electric power [6] - TransAlta has achieved a 70% reduction in GHG emissions, equating to 22.7 million tonnes CO2e since 2015, and has received an upgraded MSCI ESG rating of AA [6]

Financial Data and Key Metrics Changes - The company reported a significant increase in total equity on its balance sheet, which rose by 25% in the three months ended March 31, 2024, following a strategic transaction that raised $3.5 billion [46][48]. - The company enhanced its dividend payout, with an annual rate of $1.7 per share in 2024, representing a 6.25% increase compared to dividends declared in 2023 [49]. Business Line Data and Key Metrics Changes - The company introduced the Energize 365 program, a five-year $26 billion investment plan focused on enhancing its wires business, with 75% of investments in rate structures allowing for rapid cost recovery [37][38]. - Approximately 45% of the capital program is allocated to FERC regulated transmission investments, which include projects like offshore wind in New Jersey and new data center loads [38]. Market Data and Key Metrics Changes - The company is experiencing growing electricity demand due to the electrification of sectors such as transportation and home heating, as well as from large users like data centers [35]. - The company achieved several important regulatory milestones, including necessary revenue increases through three base rate cases, which will support investments in reliable and affordable service [44]. Company Strategy and Development Direction - The company aims to become one of the nation's premier electric companies by focusing on a business model that includes investing, operating, recovering costs, and financing regulated utility operations [36]. - The company is committed to achieving carbon neutrality for Scope one emissions by 2050 and is taking steps to reduce greenhouse gas emissions within its operational control [53]. Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges faced in 2023, including unseasonably mild weather, but emphasized that the company managed costs effectively and increased customer-focused investments [43]. - The company is confident in its ability to achieve a targeted annual operating earnings growth rate of 6% to 8% through its strategic initiatives and investments [37]. Other Important Information - The company has made significant contributions to community support, with over $10 million donated to various organizations and nearly 28,000 hours spent volunteering by employees in 2023 [52]. - The company has implemented a new operating structure that includes five major businesses, which will enhance local accountability and operational performance [42]. Q&A Session Summary Question: What is the company's approach to integrating climate-related measures into executive compensation? - The board recommended against a proposal to integrate climate-related measures into executive compensation, stating that the current structure is sufficient [14][21]. Question: How does the company plan to address the callback policy for unearned executive pay? - The board also recommended against a proposal to improve the callback policy, indicating that the existing policy is adequate [17][21]. Question: What steps is the company taking to ensure fiduciary duty in its decarbonization commitments? - The board recommended against a proposal requesting a report on financial statement assumptions and climate change, asserting that the company is already fulfilling its fiduciary duties [22][28].