Bodycote PLC AGM Voting Update
November 09 2022 - 10:05AM
UK Regulatory
TIDMBOY
Bodycote plc
AGM Voting Update
9 November 2022
At Bodycote plc's Annual General Meeting held on 25 May 2022, resolution 14
(Approval of the Remuneration Policy) was supported by a large majority of
shareholders but received less than 80% support. The principal concern of
shareholders was that salary increases and pension contributions for Executive
Directors are determined considering salary increases and pension contributions
for the wider workforce in the country the Executive Director lives and / or
works as well as the wider workforce across Western Europe including the UK.
Following the 2022 Annual General Meeting, the Committee wrote to the Company's
largest shareholders and key proxy agencies to confirm that this is not a
change in how we remunerate the Executive Directors and is entirely consistent
with the approach applied for several years. The Committee invited comments in
2020 and again in 2022 from the Company's largest shareholders to ensure the
rationale for this approach is fully understood, and how, in practice, the
Committee determines salary increases for the Executive Directors.
The Committee continues to consider the approach to be appropriate.
The Committee thanks shareholders who provided comments.
U. Ball, Group Company Secretary, Bodycote plc
Tel: +44 (0)1625 505300
END
(END) Dow Jones Newswires
November 09, 2022 11:05 ET (16:05 GMT)
Bodycote (LSE:BOY)
Historical Stock Chart
From Apr 2024 to May 2024
Bodycote (LSE:BOY)
Historical Stock Chart
From May 2023 to May 2024