LONDON (Alliance News) - Office provider Regus PLC on Tuesday became the latest UK-listed company to face something of a shareholder protest over its remuneration report.
Regus said 26% of shareholders voted against its annual remuneration report at its annual general meeting. The company also saw 17% of shareholders vote against approving its remuneration policy for 2016.
Earlier on Tuesday, life insurance and investment management group Standard Life PLC had seen just over 22% of its shareholders vote against its remuneration report.
The protests at Regus and Standard Life were relatively minor in comparison to what other UK-listed companies have faced. Weir Group PLC, the industrial valves and pumps maker, saw its remuneration report rejected, with 72% of shareholders voting against its pay plans.
BP PLC, the oil giant, saw 59% of shareholders reject its remuneration report, while rebellions were also faced by Irish pharmaceuticals company Shire PLC, medical devices maker Smith & Nephew and miner Anglo American PLC.
Regus closed down 0.6% at 293.20 pence on Tuesday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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