Digest opened free editor
Rola Khaleda, FT editor, chooses her favorite stories in this weekly newsletter.
The Stock Exchange group in London has suffered a major rebellion for the planned salary for CEO David Shimer after 30 percent of the shareholders voted against it.
An important minority protested at the group’s annual meeting against LsegThe reward policy, according to which Shuimer’s salaries will rise to 7.8 million pounds from 5.1 million pounds this year. The exchange and data group, which is the same part of FTSE 100, has argued that the salaries of its president should be A formula against us And local competitors.
ISS, the agent’s advisor, has previously urged the shareholders to reject the package of Kevir, citing concerns about the kinetic plan to obtain a long -term incentive system. The consultant warned that the plan was “in violation of the exemplary market in the market.”
The big vote on Thursday was The second reprimand By five -year shareholders to the LSEG Board of Directors on Shuimer’s salaries. The former Goldman Sachs Banker, who has operated the group since 2018, has been transferred to the owner of the London Stock Exchange, with the purchase of $ 27 billion data provider in 2021.
Although the deal helped convert the stock exchange operator into a global financial group and one of the 10 largest companies on FTSE 100, it was criticized that it lost its focus on the stock market.
There were only 18 new lists in their markets last year – the total lowest since 2010 – while 88 companies deleted or transferred their basic list, according to data from Consultance Ey.
Last year, LSEG shareholders approved nearly 90 percent of the new reward policy, which determined the performance of its best executives for other exchange and data providers including the S & P Global and MSCI International.
Schwimmer’s performance will be equal to standards: FTSE heads and international competitors ’competitors. The threshold of the clothes is set to compare with its peers in the industry in the “medium performance”, which will be obtained by 50 percent payment, at double present rates.
The company said it will continue to communicate with shareholders and “carefully look at any other reactions” to vote on Thursday. He added that he would publish an update within six months in line with the criteria of corporate governance in the United Kingdom.
LSEG also increased 8.7 per cent in total income in the first quarter to a march, reinforcing uncertainty about the policy of the global tariff for US President Donald Trump trading in its foreign currencies, and its fixed -income derivatives and calls.
The stocks closed by 2.3 percent to 11.35 pounds in the trading of London. Earlier in the year, the stock recorded the highest level at 12.95 pounds.
https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fbdacd070-4958-40cd-9668-a3af5f0c30b7.jpg?source=next-article&fit=scale-down&quality=highest&width=700&dpr=1
Source link