The board of Hargreaves Lansdown is set to consult on nine of the resolutions it put to shareholders at its recent annual general meeting, following notable opposition to the proposals.
According to the results of its 8 December AGM, while all resolutions were passed, nine of the 20 proposals received less than 80% support, leading the board to begin a consultation with specific shareholders who voted against them in order to "understand any concerns". Shareholders expressed discontent, but ultimately passed the investment platform's performance share plan, with 74.5% voting for the proposal, with 25.5% voting against. Hargreaves Lansdown set to fall out of FTSE 100 Two special resolutions requiring a 75% majority to pass barely squeaked through, with the proposed...
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