Standard Life Aberdeen bruised by shareholder pay revolt

Package for incoming chief financial officer opposed by 42% at annual meeting

The insurer Standard Life Aberdeen has suffered a bruising shareholder revolt over the pay of its new finance chief, with more than two-fifths of investors voting against its remuneration report.

At its annual general meeting in Edinburgh, 42% of Standard Life shareholders opposed the report in one of the biggest investor revolts in recent years, but the resolution was passed with nearly 58% backing it in an advisory vote.

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From our friends over at the : Business | The Guardian

 

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