8th May 2019 17:21
LONDON (Alliance News) - FTSE 100-listed Standard Chartered PLC on Wednesday said it will engage with its shareholders regarding concerns related to the company's remuneration report.
The resolution to approve the Asia-focused bank's remuneration report was passed at the annual general meeting with 63.80% of favourable votes. All other resolutions were passed with around 90% or higher votes in favour.
"In relation to resolution four, the board welcomes the majority support for our new directors' remuneration policy. However, we recognise that there were a significant number of votes opposing the resolution," the company said.
It added: "The views of all shareholders are important to us and we acknowledge that more needs to be done to understand and address the concerns raised by some shareholders on specific areas of the policy.
"We will continue to engage with shareholders on these important issues and on their concerns with the new policy in the forthcoming months."
Standard Chartered shares closed down 0.7% at 688.00 pence each.
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