Retail FX and CFD broker Plus500 Ltd (LON:PLUS) has just announced the results of its Annual General Meeting (AGM) held earlier today.
Each of the proposed resolutions was passed by voice vote. All but one resolution (i.e. resolution 9, which was an advisory vote) was passed by the required majority.
The Plus500 Board notes that 20% or more of the votes cast were against the Board’s recommendation on Resolutions 5 and 9, the latter of which is an advisory vote.
Almost 66% of the votes were cast against the resolution to approve the directors’ remuneration report.
The company commented:
“For both resolutions, the Board of Directors consulted with the shareholders. It takes the outcome of the shareholder vote extremely seriously and will work with shareholders and shareholder advisory bodies to ensure that their feedback continues to inform the Company’s approach to governance and remuneration, taking into account specific needs and the profile of the Company”.
Last year, Plus500 shareholders also criticized the resolution on directors’ pay.