16th Oct 2020 16:40
(Alliance News) - Ashmore Group PLC on Friday said it will engage with shareholders after nearly a third rejected its remuneration policy at its annual general meeting.
The emerging markets asset manager said just shy of 31% of investors rejected the motion to approve the policy during Friday's meeting.
"The company has an ongoing programme of engagement with its shareholders and proxy advisers and consequently it understands the views held by certain governance teams. This engagement will continue and the company will provide an update within the next six months, as required by the UK Corporate Governance Code 2018," Ashmore said.
All other motions were approved.
Ashmore shares closed 1.7% lower at 381.00 pence in London on Friday.
By Eric Cunha; [email protected]
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