Compass Group Directors' Remmuneration Report Passed With Low Vote Count
February 09 2023 - 12:49PM
Dow Jones News
By Anthony O. Goriainoff
Compass Group PLC said late Thursday that the resolution to
adopt the directors' remmuneration report received a low vote count
but was still passed.
The U.K. catering contractor said the resolution received 70.32%
of all votes cast.
The company said it acknowledged a notable minority didn't vote
for the resolution and that when engaging with shareholders prior
to the AGM it was apparent investor opinions on the resolution were
mixed. It added that a minority of shareholders were "influenced"
by an influential voting advisory body which opposed the resolution
and that their concerns primarily related "to the increase in
long-term incentive opportunity as part of the Remuneration Policy
that was successfully approved by shareholders at the 2022
AGM."
"We recognize that executive pay is a topic which attracts
strong and often differing opinions amongst investors and we will
therefore continue to seek an approach which is measured, fair, and
supports the sustainable delivery of the Company's long-term
strategy," the company said.
All other resolutions were passed at its annual general meeting,
the company said.
Write to Anthony O. Goriainoff at
anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
February 09, 2023 13:34 ET (18:34 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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