SLA sees 42% backlash against directors' pay

Yesterday afternoon, shareholders of the £569bn asset management business voted with large majority - in most cases almost unanimously - in favour of all 14 tabled resolutions at its annual general meeting (AGM) yesterday (14 May 2019), bar one. Only 57.98% voted in favour of Resolution 5, "to approve the directors' remuneration report, excluding the remuneration policy". A statement said: "Through engagement, we were aware that certain institutional shareholders were not supportive of specific aspects of the arrangements relating to the remuneration of the incoming CFO, as disclosed ...