Chairman Marcus Agius pledged to ensure boardroom pay awards were in tune with economic conditions and to “materially increase” the dividend as some shareholders voiced concern at a stormy annual meeting.
Agius said there was “a significant minority” who felt Barclays had got its pay policy wrong. he blamed commu- nication problems.
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“We have not done a good enough job in articulating our case and we should have communicated more clearly and earlier and I apologise for this,” he said.
We recognise shareholder concerns and we're committed to making further progress Bob Diamond
The board was sensitive to... read more