By Joe Hoppe

Compass Group PLC said Thursday that all resolutions passed at its annual general meeting, though a resolution to receive and adopt the remuneration policy had low shareholder support.

The U.K. catering contractor said that resolution two received support from 67.5% of shareholders at the meeting.

The company said it acknowledged some shareholders didn't vote in favor of the resolution, and that it had consulted extensively with its largest shareholders, investor representative groups and proxy agencies in developing the remuneration policy.

It said it continued to believe the new policy was balanced and fully aligned to the interests of the company and its shareholders, and as such the policy will be implemented and take effect for three years.

However, the company added that it remains committed to an open and transparent dialogue with shareholders and will engage with them further to understand their concerns.

Write to Joe Hoppe at joseph.hoppe@wsj.com

(END) Dow Jones Newswires

February 03, 2022 11:53 ET (16:53 GMT)

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