Lloyds shareholders urged to reject remuneration report

May 11, 2015 5:24 PM

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LONDON May 11 Lloyds Banking Group's shareholders should reject the British bank's remuneration policy as pay for Chief Executive Antonio Horta-Osorio is "highly excessive", a shareholder advisory group said on Monday.

Pirc, an independent group that offers advice to institutional investors with assets of more than 1.5 trillion pounds, said shareholders should oppose Lloyds' remuneration report at the bank's annual meeting on May 14.

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