Meyer Burger Shareholders Symbolically Reject Pay Plan - reuters.com -BoardProspects

Meyer Burger Shareholders Symbolically Reject Pay Plan

reuters.com May 2 2018 BoardNews

ZURICH, May 2 (Reuters) - Meyer Burger’s shareholders dealt its directors an embarrassing blow on Wednesday when they rejected the loss-making Swiss technology company’s salary plans for 2017. Shareholders in Switzerland have a right to vote on executive pay under changes introduced in 2013, but although such rejections are rare Meyer Burger’s pay plan will still go ahead because its vote was non-binding...
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1. We will try and have a dialogue with the largest shareholders and proxy advisers to see what we can change with the remuneration system to get to a outcome where the report is accepted by shareholders next year.
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