Barclays is considering putting its entire board of directors up for re-election next year to placate institutional investors who are angry at the terms of the bank’s £7bn capital increase.

The bank, which held a tense meeting with some of its largest investors last Friday, has offered the concession in an attempt to head off a shareholder revolt on its fundraising. Barclays has called an extraordinary meeting for November 24 to approve its plans to raise £5.8bn from investors in Qatar and Abu Dhabi in a deal that would dilute existing shareholders’ holdings.