Thursday, 14 July 2011

ICAP pay revolt

Whenever a company's RNS release on its AGM doesn't include the actual voting results (saying simply 'all resolutions were passed') it's worth having a dig around. So it was with ICAP yesterday. Their RNS statement:
ICAP plc announces that at its annual general meeting held at 11.00 am today, all resolutions proposed at the annual general meeting, as set out in the notice of meeting, were passed on a show of hands with the requisite majorities.
Over on their IR site you can get the full results (2011 Proxy Results file), which show a hefty 33.5% vote against the rem report.

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