LONDON, May 23 (Reuters) - Europe's biggest bank HSBC said on Friday that 20.65 percent of shareholders atits annual meeting voted against the bank's pay plan for thenext three years.
HSBC has changed its pay structure to meet new EU rules thatcap bonuses at the level of their fixed pay, or double theamount with shareholder approval.
Earlier in May, it attempted to head off investor criticism,capping any share bonus for its Chairman Douglas Flint this yearat 1 million pounds ($1.7 million). (Reporting by Matt Scuffham; Editing by Jemima Kelly)