However, there were more than 50 million votes in favour, so the remuneration report was passed comfortably enough but not without a substantial number of shareholders expressing their continuing concern via the ballot box.
At last year’s agm the company’s remuneration report was passed by a narrow 54% of the vote after Pirc, the shareholder advisory group, recommended investors vote against. This prompted the board to revise its executive pay structure to “improve the level of openness and transparency”.
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