Below is an analysis we have done at work on voting on remuneration-related resolutions at UK-listed banks in recent years. The % is the vote in favour. I think it tells its own story.
Alliance & Leicester
2008 'Approve the Remuneration Report' 97.2%
2006 'Approve Alliance & Leicester 2006 Restricted Share Plan' 98.5%
2006 'Amend rules of the Share Incentive Plan' 98.7%
2006 'Approve the remuneration report' 97.0%
2006 'Approve Alliance & Leicester 2006 Deferred Bonus Plan' 98.4%
2006 'Approve Alliance & Leicester 2006 Share Option Scheme' 95.4%
Barclays
2008 'Approve the Remuneration Report' 90.5%
2007 'Remuneration Report' 94.2%
2006 'Approve the remuneration report' 94.1%
Bradford & Bingley
2008 'To approve the Directors' Remuneration report' 95.9%
2008 'To approve the increase to the EIP maximum amount to be applied in the acquisition of deferred shares ' 85.4%
2006 'Approve the remuneration report' 86.6%
HBOS
2008 'Approve the Remuneration Report' 82.9%
2007 'Remuneration Report' 96.9%
2006 'Approve the remuneration report' 98.5%
2006 'Approve the Extended Short Term Incentive Plan' 95.6%
HSBC
2008 'Approve the Remuneration Report' 81.8%
2008 'Amend the rules of the HSBC Share Plan' 84.2%
2006 'Approve the remuneration report' 95.2%
Lloyds TSB
2008 'Approve the Remuneration Report' 89.6%
2006 'Approve the directors' remuneration report' 93.9%
2006 'Approve the new long-term incentive plan' 95.2%
Northern Rock
2006 'Approve the remuneration report' 89.2%
RBS
2008 'Approve the Remuneration Report' 88.8%
2006 'Approve the remuneration report' 92.4%
Standard Chartered
2008 'Approve the Remuneration Report' 89.4%
2006 'Approve the remuneration report' 93.8%
2006 'Approve amendments to 2001 Performance Share Plan' 94.4%
2006 'Approve the 2006 Restricted Share Scheme' 96.5%
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