Lloyds Banking Group Pass Director Remuneration Policy, Long-Term Share Plan at AGM
21 Maggio 2020 - 6:38PM
Dow Jones News
By Adriano Marchese
Lloyds Banking Group PLC said Thursday that resolutions for the
approval of the director remuneration policy and the group's
long-term share plan for 2020 have passed with relatively low votes
in favor at its annual general meeting.
The FTSE 100 bank said the resolution for the approval of the
directors' remuneration policy section of the remuneration report
received 63.82% of the votes, while the group's long-term share
plan 2020 rules were approved by shareholders with 63.69% of
votes.
"The Board recognizes that developing a new remuneration
approach that meets the needs of all shareholders is difficult, but
felt the introduction of this new policy, which includes a
significant reduction and harmonization in pension contributions,
would ensure greater alignment with shareholders," the company said
in a statement.
It noted that it will continue to consult with shareholders and
other stakeholders and will consider the full range of feedback as
it implements the new remuneration policy.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
May 21, 2020 12:23 ET (16:23 GMT)
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