Citigroup's Say-on-Pay Resolution Receives Lower Shareholder Support Amid Concerns Over Executive Equity Awards
Citigroup received only 60.3% support for its say-on-pay resolution at the annual shareholder meeting, a significant drop from last year’s 91%. The decline is attributed to concerns over a one-time equity award granted to CEO Jane Fraser upon her appointment as board chair.
Topics: CEO compensation executive pay say-on-pay resolution shareholder vote