Wednesday, 12 October 2011

Misys remuneration revolt

Dunno how I missed this (pdf). I'm always a bit sceptical when larger companies' RNS statements on AGM results simply say that 'all resolutions put to the meeting were passed', and this is a good example why. Technically 100% accurate, but disguises a 37.5% vote against the remuneration report, which will put the company amongst this year's outliers.

UPDATE: Actually to be fair, having checked, Misys took the same approach to their AGM statement last year.

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