AMEC plc held its annual general meeting on May 13. The voting results are available here. Of interest are those concerning the remuneration report: for (97,695,912), against (83,625,790) and abstained (27,182,770). The remuneration report was approved - there being more votes cast for than against - but, as the figures reveal, a majority of shareholders failed to endorse it. For comment see this report from The Times newspaper, which describes shareholder disquiet over the pay of the company's chief executive.
Tuesday, 19 May 2009
UK: AMEC plc AGM
AMEC plc held its annual general meeting on May 13. The voting results are available here. Of interest are those concerning the remuneration report: for (97,695,912), against (83,625,790) and abstained (27,182,770). The remuneration report was approved - there being more votes cast for than against - but, as the figures reveal, a majority of shareholders failed to endorse it. For comment see this report from The Times newspaper, which describes shareholder disquiet over the pay of the company's chief executive.
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