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CMC Markets receiving investor opposition to executive pay policies


London based online FX, CFDs and spreadbetting broker CMC Markets Plc (LON:CMCX) issued an interesting statement following its Annual General Meeting last week, which also coincided with the release of CMC’s quarterly Trading Update. While stating (as is certainly usual) that all the resolutions set out in the Notice of Annual General Meeting were duly passed as the meeting, CMC noted that when it came to the Directors’ Remuneration Policy ‘a significant minority of shareholders voted against it‘. What that really means is that the majority of independent shareholders voted against the proposal for executive compensation and bonuses. CMC … (full story)

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