Update: Schroders shareholders approve remuneration policy at AGM

Faced earlier backlash

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Peter Harrison
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Peter Harrison

The majority of Schroders shareholders have voted to approve the firm's remuneration policy at today's annual general meeting, despite facing oppositions from two shareholder advisory firms.

Some 94.7% of the shareholders at the meeting voted to approve the remuneration report, while 93.5% supported the remuneration policy. This marks around 86% as a percentage of Schroders issued ordinary share capital. A minority of 5.3% voted against the remuneration report, while 6.5% rejected the remuneration policy.  The overwhelming support comes despite two shareholder advisory firms calling for shareholders to reject the pay proposals.   Glass Lewis, a firm helping investors decide how to vote at company meetings, advised shareholders to reject the pay package, pointing to ...

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