LONDON (Alliance News) - Clarkson PLC on Thursday said 49% of votes cast at its annual general meeting were in opposition to the remuneration report and expressed its dissatisfaction.
In total, 10.9 million votes were in opposition with 11.6 million in favour and 815,025 abstaining. While the resolution was approved, it was a very close call.
"We are very disappointed by this outcome, particularly as more than 99.7% of shareholders voted in favour of the re-election of the CEO and CFO and, as such, deem the stewardship of the company to be in capable hands, a view which is unanimously shared by the board," said Clarkson.
"Notwithstanding this, the remuneration committee notes the concerns raised by shareholders and, as part of the remuneration policy review that falls due in 2020, will be conducting an extensive consultation programme with our shareholders and proxy advisory agencies to listen to their views," the company added.
Shares in Clarkson closed down 2.3% at 2,365.00 pence on Thursday.
Clarkson (CKN)