All resolutions were passed at the annual general meeting (AGMs) of the insurance group RSA, including the vote on the remuneration report.
Around 6.4% of the votes cast were opposed to the remuneration report which, in the light of recent protest votes at AGMs, counts as a relatively mild protest. Shareholders representing around 2.6% of RSA's issued share capital abstained from voting on the issue.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
In a further blow to the company, voters representing a 33.3m shares were withheld.
Meanwhile, at car company Pendragon's AGM last week, 67% of shareholders who voted were against the remuneration report.
It was a close run thing at Trinity Mirror where 45.89% voted against the pay deal.
These votes came hot on the heels of Aviva losing the vote, leading to its chief executive, Andrew Moss, resigning. The Sunday Telegraph reported that Moss demanded a 9.5% pay rise in the weeks before his departure, as he felt his pay was not keeping pace with his peers in the insurance business.
JH
-
Will UK inflation rise tomorrow ahead of BoE meeting?August’s inflation report will be published at 7am tomorrow, one day before the Bank of England’s next rate-setting meeting
-
Thousands of savers with £250k pensions take cash over tax-free money and IHT fearsWith a record £70 billion withdrawn from pensions in the year to March, experts are concerned savers are making knee-jerk decisions without advice that could affect their long term wealth
