At a general meeting this morning (16 February), shareholders in Liontrust narrowly voted in favour of a controversial increase to the executive pay for Liontrust’s CEO and COO and the new long term incentive plan.
54.1% of votes were cast in favour of the new remuneration policy and 55.6% voted in favour of the long term incentive plan. However, a spokesperson from Liontrust said while the board was "disappointed" in the result of the vote, "the remuneration committee is acutely conscious of the votes against and will reflect on feedback from those shareholders". "The company will continue its policy of full transparency with proactive engagement with its shareholders on aspects of remuneration going forward," they said. "In line with the UK corporate governance code, we will provide an update ...
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