3rd May 2018 12:22
LONDON (Alliance News) - Wednesday's Unilever PLC annual general meeting continued the recent trend of shareholders taking a stand against director pay.
The vote to approve the directors' remuneration policy passed but with a 64% majority, by far the lowest 'for' vote at the AGM. The vote in favour of the company's remuneration report was much higher, at 97%.
Shares in Unilever were down 0.2% Thursday at 3,957.00 pence each.
On Wednesday, Inmarsat PLC, Pendragon PLC and Ocado Group PLC also experienced shareholder backlash over director remuneration.
Satellite communications provider Inmarsat PLC shareholders rejected its remuneration report approval resolution, with 58% of voting shareholders voting against the remuneration report. Last year, 49% of shareholders voted against the remuneration report.
Pendragon shareholders on Wednesday voted 83% in favour to approve the annual report on remuneration for the year ended 2017. This was second lowest 'for' vote at the AGM.
Ocado's AGM on Wednesday saw its shareholders vote 84% in favour to approve the directors' remuneration report, also the second lowest 'for' vote to take place.
Related Shares:
InmarsatUnileverOcadoPDG.L