SJP tackles shareholder dissent over executive pay

Performance Share Plan query raised at AGM

Eve Maddock-Jones
clock • 2 min read

St James’s Place (SJP) has attempted to reassure a “minority” of shareholders over issues regarding its 'Directors' Remuneration Report' which they pushed back against at the company’s annual general meeting (AGM) in May.

In a London Stock Exchange notice published today (15 November), SJP published a statement update regarding a lacklustre number of votes in favour of approving the fourth resolution at its AGM. Some 77.9% of votes were cast in favour of the resolution, and based on the UK Corporate Governance Code, it must provide an update to shareholders if a measure receives more than 20% of the vote against an AGM resolution. According to the full AGM results, this was the only issue to not receive at least 90.9% of votes in favour. In the update, the company said its remuneration committee had...

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