Financial Times FT.com

Berkeley investors back Pidgley despite Pirc

By John O’Doherty and David Fickling

Published: September 9 2009 08:38 | Last updated: September 10 2009 01:19

Investors in Berkeley Group overwhelmingly supported the housebuilder at its annual meeting on Wednesday, despite criticism last week by Pirc, the corporate governance group.

All 14 resolutions were passed by more than 90 per cent of holders casting proxy votes. But two resolutions to which Pirc objected – on the remuneration package and the election of founder and managing director Tony Pidgley as executive chairman – were supported by only about 75 per cent of shareholders, after taking withheld votes into account.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this