By Adriano Marchese

Imperial Brands PLC said Wednesday that a remuneration report-related resolution passed with low votes as shareholders took issue with the new chief executive's salary.

The FTSE 100 tobacco company said the resolution regarding the directors' remuneration report passed with 59.73% of the votes in favor.

"The principal point at issue for them, and some of the proxy voting guidance services, was the level of base salary for Stefan Bomhard, our new chief executive," the company said.

Imperial Brands said it will continue to engage with its largest shareholders on governance and remuneration.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

February 03, 2021 12:56 ET (17:56 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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