Lloyds Bank urges employees to vote in executive pay meeting

first_img Bosses at Lloyds Banking Group have urged employees to vote at its upcoming annual meeting after objections were raised over its executives’ pay.Read more: Lloyds Bank handed capital boost by regulator following risk change whatsapp Harry Robertson Tags: Company Lloyds Banking Group Sunday 12 May 2019 6:40 pm A video was made in an attempt to persuade staff to vote at Thursday’s meeting, the Sunday Times reported, on the pension programme handed out to chief executive Antonio Horta-Osorio.Shareholders will have the chance to signal approval or disapproval of Lloyds executives’ pay programmes, a year after a fifth of them voted against the bank’s pay report.Lloyds’s chief executive, who is Britain’s best-paid bank boss and took home £6.3m in 2018, has come under fire from bank staff and MPs who have questioned whether his pension and share awards are too generous.In February, Lloyds said Horta-Osorio had voluntarily had his pension contributions down to 33 per cent of his base salary from 46 per cent.The two largest shareholder advisory groups, ISS and Glass Lewis, which are believed to cover about 75 per cent of shareholders, have recommended the company’s pay programme is supported following the pension change.Lloyds would not comment on the issue. whatsappcenter_img Share Lloyds Bank urges employees to vote in executive pay meeting Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikePast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndoFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleUndobonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoPost FunA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserPost FunUndoDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionUndoDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyUndoHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndo More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com last_img

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