22nd Aug 2025 21:42
Serco Group PLC - Hampshire, England-based government services outsourcing provider - Reports findings of consultation with shareholders after a resolution at April's annual general meeting did not reach the 80% approval threshold. The resolution, relating to the approval of the 2024 Directors' Remuneration Report, passed with a majority of 79.39%. The 2024 DRR sets out the remuneration for Anthony Kirby, who succeeded Mark Irwin as group chief executive on March 1. Serco notes the chair of the remuneration committee received no feedback from either shareholders or proxy advisors at that time. Following the vote, Serco contacted the top 20 shareholders "again to understand their views on the decisions outlined in the DRR and the reasons why those who voted against took that decision. As with the initial consultation, the feedback received from shareholders did not raise any material concerns." Serco says it will continue to consider all feedback provided by shareholders and advisors when taking remuneration decisions. Read More
