18th Jan 2021 16:19
(Correcting that 45% of shareholders voted against approving the director remuneration report.)
Carr's Group PLC - Carlisle, England-based agriculture machinery distributor and engineering firm - Says over 45% of shareholders vote against approval of its director remuneration report at annual general meeting.
"During 2020, the remuneration committee wrote to the company's largest shareholders in relation to proposed changes to its remuneration policy and a review, supported by benchmarking, of the base salaries of the company's executive directors," Carr's says.
It adds: "The company also engaged directly with a number of shareholders prior to the AGM. The company notes that its revised remuneration policy has been approved with overwhelming support. The company will consult further with shareholders to better understand their views and provide an update within six months as required by the Corporate Governance Code 2018."
Current stock price: 135.56 pence
Year-to-date change: up 4.7%
By Paul McGowan; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
Carrs Group