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Remuneration Voting - 2014 AGM Season

19 September 2014

Over the 2014 AGM season, there was much media attention on the so-called ‘Shareholder Spring’.

We have analysed the shareholder votes on resolutions to approve directors’ remuneration reports and

remuneration policies during the 2014 AGM season (Report Votes and Policy Votes respectively)

to ascertain the true extent of this ‘rebellion’.