Bodycote PLC AGM Voting Update

 
TIDMBOY 
 
Bodycote plc 
 
AGM Voting Update 
 
                                                                9 November 2022 
 
At Bodycote plc's Annual General Meeting held on 25 May 2022, resolution 14 
(Approval of the Remuneration Policy) was supported by a large majority of 
shareholders but received less than 80% support. The principal concern of 
shareholders was that salary increases and pension contributions for Executive 
Directors are determined considering salary increases and pension contributions 
for the wider workforce in the country the Executive Director lives and / or 
works as well as the wider workforce across Western Europe including the UK. 
 
Following the 2022 Annual General Meeting, the Committee wrote to the Company's 
largest shareholders and key proxy agencies to confirm that this is not a 
change in how we remunerate the Executive Directors and is entirely consistent 
with the approach applied for several years. The Committee invited comments in 
2020 and again in 2022 from the Company's largest shareholders to ensure the 
rationale for this approach is fully understood, and how, in practice, the 
Committee determines salary increases for the Executive Directors. 
 
The Committee continues to consider the approach to be appropriate. 
 
The Committee thanks shareholders who provided comments. 
 
U. Ball, Group Company Secretary, Bodycote plc 
 
Tel:  [phone] 
 
 
 
END 
 
 

(END) Dow Jones Newswires

November 09, 2022 11:05 ET (16:05 GMT)