– Robert Talbut, Chairman of the ABI Investment Committee
Today’s outcome clearly shows the investor concern with the company’s remuneration policy. Investors take executive pay very seriously. Getting it right is an important part of a successful company. All banks face a challenge to improve their investment case by getting a better balance of returns to shareholders, payments to employees and capital retention.
We welcome the Chairman’s promise to engage more closely with shareholders and we will continue to work with the company on improving the investment case.
Barclays has been stung by shareholders after nearly a third of their votes failed to back the bank's bumper pay awards.