StanChart says 41 pct of investors vote against pay plan
LONDON May 8 (Reuters) - Standard Chartered said more than 40 percent of its shareholders opposed the remuneration policy for the Asia-focused bank's directors at its annual shareholder meeting on Thursday.
Standard Chartered said the vote was approved, but 40.8 percent of votes cast were opposed to the remuneration policy.
Several investors have criticised the introduction of more fixed pay based on short-term targets, as the bank has sought to mitigate a European Union bonus cap, and some advisory groups said investors should oppose the vote on directors' pay. (Reporting by Steve Slater; Editing by Matt Scuffham)
- Russia criticizes EU sanctions, raps U.S. over Ukraine role
- First Ebola victim in Sierra Leone capital on the run
- Short Gaza truce takes hold; many bodies pulled from rubble |
- Amazon's far-reaching ambitions, lack of profits, unnerve investors |
- Apple iPhones allow extraction of deep personal data, researcher finds