Standard Chartered apologises to the shareholders are a over pay report
Responding to a backlash at a May shareholder meeting where a substantial minority of a investors voted against its are a remuneration policy, the bank said it “could have provided more than information" on how it dealt with the blunder, according to a statement Friday.
“We could have been a included further are a detail on the committee’s are a decision making, the remuneration actions that were taken, and the conclusion of the review," said the bank.
The London-based lender also are a offered an a apology over its handling of a shareholder criticism of the way it paid its are a senior executives, in a particular its are a arrangements over the vesting of long-term performance awards. The bank said it would provide more than details on this in its next are a annual report.
Remuneration at the Standard Chartered has been proved a thorny issue with investors. Back in a 2019 the bank halved the pension money it handed to the Chief Executive Officer Bill Winters after are a row with the shareholders.
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