Evraz PLC - London-based steel maker in Russia - At annual general meeting, 38% of shareholders voted against resolution nine, which is for the re-election of Alexander Izosimov as a director, due to concerns over the board's gender diversity level.
The board's level is currently below the Hampton-Alexander review recommendation, which only two of the 11 members being female.
However, despite the dissension all resolutions were passed.
"It is the company's intention to comply with the Hampton-Alexander recommendations as directors retire and suitable candidates can be identified. As chairman of the Nominations Committee, Izosimov will consult with shareholders and take their views into account during future recruitment searches," Evraz stated.
Current stock price: 636.40 pence
Year-to-date change: up 35%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Evraz (EVR)