An on-line buying and selling platform has suffered its fourth consecutive revolt over fat-cat pay.
At its annual basic assembly yesterday, Plus 500 stated two-thirds of collaborating shareholders opposed its remuneration report. While the FTSE 250 agency’s vote was advisory, it’s the fourth backlash in as many years.
Three-quarters rejected the pay report final yr following rebellions of 55 per cent in 2022 and 41 per cent in 2021. On the latest AGM outcomes, Plus 500 stated it consulted with shareholders and takes the end result of votes ‘extremely seriously’.
The agency stated it would interact with shareholder advisory our bodies to ‘ensure their feedback continues to inform’ its strategy to governance and remuneration.
Plus 500, which listed in London in 2013, returned £291million to shareholders final yr.
Related Articles
HOW THIS IS MONEY CAN HELP
Some hyperlinks on this article could also be affiliate hyperlinks. If you click on on them we might earn a small fee. That helps us fund This Is Money, and hold it free to make use of. We don’t write articles to advertise merchandise. We don’t enable any business relationship to have an effect on our editorial independence.