Shareholders rejected the remuneration of the company’s executives in its AGM shortly after Old Mutual’s announcement that it had suspended CEO Peter Moyo. The non-binding resolution on the implementation of the remuneration report was rejected by 69.13% of shareholders who voted at the AGm. Only 30.87% voted in favour. This is the second time that shareholders of a quoted company have rejected outrightly a company’s remuneration. Old Mutual says, given that the two resolutions received less than the required 75% of votes, it will directly engage with shareholders in due course.
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