LONDON, Feb 9 (Reuters) - More than 20 percent ofshareholders in tour operator Thomas Cook voted againstthe board's planned pay awards for directors on Thursday,including one of its top shareholders.
At the firm's Annual General Meeting, 21.68 percent ofshareholders voted against the Thomas Cook Directors'Remuneration Policy.
The biggest revolt came over an alternative payment plancalled the Strategic Share Incentive Plan (SSIP), where 32.7percent went against the board. The plan is designed for timeswhere specific near-term goals are needed, and shareholderswanted greater clarity over what those goals might be.
The SSIP will not be used in the forthcoming financial year,the board said at the AGM, and in a concession to unhappyinvestors, the board will consult shareholders on what the goalsshould be if it were to be used in the future.
Among those who voted against the board were Standard LifeInvestments, the company's second-biggest investor according toThomson Reuters data. (Reporting by Alistair Smout)