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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