SLI governance chief calls it a day
Standard Life’s ‘scourge of the City’ opts for retirement
Guy Jubb, Standard Life Investments’ global head of governance and stewardship, who has led many campaigns against excessive pay and poor governance is offering the City some relief after announcing his retirement.
Mr Jubb has been behind a number of shareholder revolts against FTSE-100 companies including BG Group, BP, and WPP Group, earning himself a reputation for taking a robust view of City pay and performance.
Known to many boardrooms as the “irritant-in-chief” Mr Jubb was unafraid to speak out against what he considered in appropriate rewards and behaviour.
In June this year he took the unusual step of attending the WPP annual meeting in person to address the board and “to shame” chief executive Sir Martin Sorrell over his £43 million pay package.
The company said: “Standard Life Investments can confirm that Guy Jubb, Global Head of Governance and Stewardship, will retire from the business on 31 March 2016. He will continue to lead our engagement with companies until that date.
“On his retirement Guy will have worked for the Standard Life Group for 30 years, and he has been a member of the Standard Life Investments team since the company’s inception in 1998.
“Having set up and led our private equity and smaller company investment teams, Guy pioneered in 1992 the development of our Corporate Governance team which has made governance and stewardship an integral part of the investment service we provide to our clients.
“He has also been deeply involved in developing global industry best practice in this area.
“Working with Guy, a process is underway to identify a suitable successor, who will ensure that Standard Life Investments continues to be at the forefront of governance and stewardship on behalf of our investors.”