13th May 2020 16:00
(Alliance News) - Recruiter Robert Walters PLC on Wednesday said a significant number of shareholders voted against the company's 2019 remuneration report, although all resolutions were approved by investors at the annual general meting.
According to the company's annual meeting results, around 48% investors voted against the remuneration report, while 52% voted for the resolution.
In response to the significant opposition, Tanith Dodge, chair of the company's Remuneration Committee, said: "We note the vote in respect of last year's remuneration report and the desire from a number of shareholders for the group to refine disclosure levels moving forward.
"The group has been engaged in ongoing efforts to ensure there is an improved level of visibility year on year and we will strive to improve disclosure albeit also balanced against legitimate commercial concerns. The board will continue discussions with shareholders to ensure that views are fully understood and the group will publish an update within six months of the annual general meeting".
Shares in Robert Walters were down 1.4% at 424.00 pence each in London on Wednesday afternoon.
By Tapan Panchal; [email protected]
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