Policyholders threatening to hold directors to ransom by not voting for resolution 12 - the Report of the Remuneration Committee on Directors' Remuneration - at today's annual meeting were disappointed by a narrow margin as 57% of members voted in favour.
This means the company will be able to pay out to those same directors who have proposed the company demutualise as part of the strategic review into the future of Standard Life. According to the remuneration...
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