Supermarket group Tesco said 67.3% of votes cast at its annual general meeting (AGM) were against the resolution to approve the pay report, with only 32.7% in favour. Several investor advisory groups had recommended shareholders vote against the report ahead of the meeting.
LONDON: Shareholders decisively voted down Tesco's remuneration report on Friday, as Britain's largest retailer joined a growing list of big companies to be rebuked over executive pay.
Supermarket group Tesco said 67.3% of votes cast at its annual general meeting (AGM) were against the resolution to approve the pay report, with only 32.7% in favour.
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