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  3. Shareholders are warning Lloyds Banking Group that they have residual concern about bonuses of £4 million awarded to executives

Shareholders are warning Lloyds Banking Group that they have residual concern about bonuses of £4 million awarded to executives

admin2021-07-08  21
问题        Shareholders are warning Lloyds Banking Group that they have residual concern about bonuses of £4 million awarded to executives for last year, despite assurances from the bank that it will review its procedures for determining payouts.
       The investors are being urged to take "careful considered judgment" before backing the pay policies at the bank at the annual meeting when voting on the remuneration (报酬) report.
       The Association of British Insurers (ABI), whose members include the big insurance company investors in the stock market, has issued an "amber top" alert on the remuneration report—an indication that the ABI sees potential problems with the approach to pay and corporate governance that require close analysis.
       The bank, 41% owned by the taxpayer, has attempted to defuse a potential row with investors over the bonuses handed to its boardroom by announcing the resignation of the chairman of the remuneration committee, Wolfgang Berndt. He left after pressure from the government over concerns he had awarded a £2.3 million bonus to chief executive Eric Daniels. UK Financial Investments, the body which looks after the taxpayers’ stake in Britain’s state-supported banks, played a key role in Berndt’s departure but refused to comment on how it vote on the remuneration report.
       Daniels turned the bonus down, but four boardroom colleagues accepted a combined £ 4 million in bonuses in a year in which the bank reported losses. Peter Montagnon, director of investment affairs at the ABI, said, "There is some residual concern among some shareholders in the way the remuneration committee made its decision on bonuses. We note that there is a new remuneration committee chairman, and a commitment to maintain close dialogue, which is positive."
       Lloyds said that in addition to toughening up the performance targets for new bonuses, it would take extra care when awarding bonuses at the end of this year. " Following shareholder representation, the remuneration committee will review performance against targets for the annual incentive (鼓励) plan in light of the overall operating performance. It will exercise its discretion to reduce awards if it is thought to be appropriate," the bank said.
What can we see according to Lloyds?
选项 A、New bonuses should be limited by banks from now on.
B、Shareholders should set proper targets to invest money.
C、The remuneration committee should not take the responsibility.
D、Awards could be reduced in an appropriate way.
答案D
解析 推理判断题。由定位段可知，如果恰当的话，劳埃德将酌情减少奖励，D的表述符合原文，故正确答案为D。
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