22nd Apr 2016 08:38
LONDON (Alliance News) - Anglo American PLC on Friday confirmed itself as being among a slew of companies to have faced shareholder ire this week over their remuneration reports, with 42% of shareholders voting against Anglo's report.
Anglo had been expected to face opposition over the pay package being offered to Chief Executive Mark Cutifani following the huge loss Anglo booked in 2015, a year in which it was the worst performing stock in the FTSE 100.
The rebellion comes after BP PLC, the oil major, last week saw 59% of its shareholders vote against the pay deals for CEO Bob Dudley and Chief Financial Officer Brian Gilvary.
Anglo shares were down 1.4% to 737.20 pence on Friday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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