NEXT PLC | Disclose on approach to human capital management

Status
26.87% votes in favour
AGM date
Previous AGM date
Proposal number
26
Resolution details
Company ticker
NXT
Lead filer
ShareAction
Resolution ask
Report on or disclose
ESG theme
  • Social
ESG sub-theme
  • Decent work
  • Remuneration or pay
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Consumer Discretionary
Company HQ country
United Kingdom
Supporting statement
shareholders request that the Board and management oversee the preparation of a report outlining:

1. The Company’s approach to setting base pay for hourly paid direct employees and which committee of the Board has oversight of this;

2. Number of direct employees whose base pay is below the real Living Wage, broken down by contract type (permanent or fixed-term) and working hours (full-time, part-time or non-guaranteed hours employees);

3. Hourly paid direct employee turnover rates, broken down by base pay and working hours (full-time, part-time or non-guaranteed hours);

4. The Company’s approach to setting base pay for regular, on-site, third-party contracted staff and which committee of the Board has oversight of this;

5. Number of regular, on-site, third-party contracted staff whose base pay is below the real Living Wage; and

6. Cost/benefit analysis of implementing the real Living Wage as a minimum rate of pay for direct employees and regular, on-site, third-party contracted staff.

How other organisations have declared their voting intentions

Organisation nameDeclared voting intentionsRationale
Church of England Pensions BoardForhttps://www.churchofengland.org/media/finance-news/church-england-pensions-board-vote-support-fair-reward-low-paid-workers-next-plc
CardanoForCardano co-filed this resolution and is therefore voting in favour. We believe that the additional disclosures requested will help investors better understand how the company addresses reputational and operational risks associated with low pay. We believe living wages can support long-term value creation through improved employee retention, productivity, and brand reputation while addressing the long-term systemic risks linked to increased inequalities.
EdenTree Investment Management LtdFor
RobecoForRationale: SHP - Vote For when the proposal aims to increase transparency on material ESG issues 
https://www.robeco.com/files/docm/docu-robeco-stewardship-policy.pdf

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