Shareholder adviser attacks Metro bank over pay and governance

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Glass Lewis have raised concerns over Metro Bank ahead of its upcoming AGM (21 May 2019) whereby they have urged investors to block the re-election of chairman Vernon Hill, arguing that Mr. Hill risked further damaging the bank’s reputation. Furthermore, the proxy adviser critiques the company for undermining basic pay principles by paying the new CFO remuneration for a period before he joined the bank.

The Financial Times, Nicholas Megaw, April 29th 2019

Metro Bank, April 23rd 2019