Investors Push Back Against Unilever Executive Pay Motion
May 02 2018 - 11:20AM
Dow Jones News
By Carlo Martuscelli
Unilever PLC (ULVR.LN) said Wednesday that its board
remuneration policy was approved at its annual general meeting, but
with only 64% of votes cast in favor.
All resolutions that were put in front of shareholders were
approved at the meeting, but the pay proposal attracted levels of
support well below the other motions. The other motions all passed
with support in excess of 90%.
Executive pay has been a contentious topic and has received
increasing amounts of shareholder scrutiny as of late.
Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com
(END) Dow Jones Newswires
May 02, 2018 11:05 ET (15:05 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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