1. UK: Royal Mail Suffers Shareholder Defeat Over Directors’ Pay

    UK: Royal Mail Suffers Shareholder Defeat Over Directors’ Pay

    Royal Mail shareholders have voted against the firm’s plan for directors’ pay after a row over a salary rise for its new Zurich-based boss. The directors’ remuneration report (DRR) was rejected in a vote declared at its annual general meeting in Sheffield on Thursday, with 70% of proxy shareholders voting against the package...

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    1. Rico will use appropriate scheduled commercial flights when travelling directly between Zurich and London.
    2. It is not market practice for a departing director to receive a guaranteed bonus payment upon termination.
    3. The level of the former CEO's pension is not considered a compelling reason for a significantly higher base salary for a new executive director.
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