Update: Schroders shareholders approve remuneration policy at AGM

Faced earlier backlash

The majority of Schroders shareholders have voted to approve the firm's remuneration policy at today's annual general meeting, despite facing oppositions from two shareholder advisory firms.

Some 94.7% of the shareholders at the meeting voted to approve the remuneration report, while 93.5% supported the remuneration policy. This marks around 86% as a percentage of Schroders issued ordinary share capital. A minority of 5.3% voted against the remuneration report, while 6.5% rejected the remuneration policy.  The overwhelming support comes despite two shareholder advisory firms calling for shareholders to reject the pay proposals.   Glass Lewis, a firm helping investors decide how to vote at company meetings, advised shareholders to reject the pay package, pointing to ...