SJP tackles shareholder dissent over executive pay

Performance Share Plan query

Eve Maddock-Jones
clock • 2 min read

St James’s Place has attempted to reassure a “minority” of shareholders over issues regarding its 'Directors' Remuneration Report' which they pushed back against at the company’s annual general meeting in May.

In a London Stock Exchange notice published today (15 November), SJP published a statement update regarding a lacklustre number of votes in favour of approving the fourth resolution at its AGM. 77.9% of votes were cast in favour of the resolution, and based on the UK Corporate Governance Code, it must provide an update to shareholders if a measure receives more than 20% of the vote against an AGM resolution. St James's Place overhauls fee structure after regulatory pressure According to the full AGM results, this was the only issue to not receive at least 90.9% of votes in favour. ...

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