LONDON, May 6 (Reuters) - Legal & General Investment
Management said on Thursday it will vote against the re-election
of Cineworld chair Alicja Kornasiewicz and the election
or re-election of all members of the firm's remuneration
committee at its annual general meeting.
Cineworld, the world's second-largest cinema operator,
suffered a $3 billion loss last year as a result of the
coronavirus pandemic.
"We have strong concerns about the structure of the
long-term incentive plan granted to the executives, and its
misalignment with the long-term interests of the company", LGIM
said in a statement, pointing to "the impact of COVID-19 on the
company’s financials and stakeholders, including furloughs for
employees and the suspension of dividends".
(Reporting by Carolyn Cohn, editing by Karin Strohecker)