BAE Systems Remuneration Report Gets Low Support at AGM
By Anthony O. Goriainoff
BAE Systems PLC said Thursday that the directors remuneration
report received a low number of votes at the annual general
meeting, but was still approved.
The U.K. defense-and-aerospace company said the resolution got
76.59% of the votes cast.
The company said its directors appreciate the support that the
resolution received in a challenging period and that they value
dialogue with major shareholders which they said facilitated the
BAE Systems said the importance of retaining the services of a
first class chief executive on competitive terms by a one-off
remuneration adjustment is in the interests of all
"We acknowledge that it may not be possible to please all our
stakeholders all of the time, but we will continue to engage and
listen to ensure all views are understood and respected," it
Shares at 1428 GMT were up 2.8 pence, or 0.6%, at 502.80
Write to Anthony O. Goriainoff at
(END) Dow Jones Newswires
May 06, 2021 10:45 ET (14:45 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.