London-listed shipbroker Braemar has shrugged off the latest sign of shareholder disquiet over its pay policy.
The company said on Thursday that it received 71.24% of votes in favour of the directors’ remuneration report (DRR) at a reconvened annual general meeting (AGM), against near unanimous approval for other agenda items like the final dividend.
James Gundy-led Braemar added the board considers the current policy is in the “best interests of all stakeholders of the business and that the remuneration committee has discharged its duties properly”.
