Barclays has staved off a challenge mounted by an activist investor at its annual meeting, but got a bloody nose from shareholders over its executive pay.
Shareholders in Barclays are being advised to vote down pay plans for top bosses after “inadequate” measures to dock chief executive Jes Staley’s pay following the whistleblowing scandal.
The activist investor who is pushing for a strategic shift at Barclays has hit back at the bank’s directors after they urged shareholders to oppose his appointment to the board.
Barclays bosses have opposed the appointment of activist investor Edward Bramson to the bank’s board, ahead of a meeting next month.
Barclays boss Jes Staley will meet face-to-face with Edward Bramson next week, when the activist investor is expected to further elaborate on his vision for the banking giant.
Banking giant Barclays has insisted activist investor Edward Bramson should not take a seat on its board as it revealed flat profits and a £150 million hit to cover Brexit disruption.