More than a quarter of the votes cast at Barclays' annual general meeting (AGM) were in opposition to approving the bank's remuneration report for 2011.
Institutional investors flexed their muscles at the AGM, expressing their displeasure at what they saw as out-of-proportion rewards, despite efforts by Barclays chairman, Marcus Agius and the Remuneration Committee's chairman Alison Carnwath, to defuse the issue (see earlier item entitled "Barclays vows to tilt rewards balance towards shareholders").
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