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A Third of Morrisons Shareholders in UK Vote Against Director’s Benefits

By John Smith • Published: 12 Jun 2020 • 12:40

Dsicounts for NHS workers extended Credit: Morrisions

EVEN though profits for UK supermarket group Morrisons have remained high during the lockdown, more than one third of shareholders voted against a proposal to reward senior directors with significant increases in pension contributions.

It was considered that to receive 19 per cent more than the average 5 per cent was unfair and although the award did receive sufficient votes for it to be carried, the company has decided to review the situation.

It has however extended its 10 per cent discount for NHS workers until September.

Written by

John Smith

Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Currently he is acting as Editorial Consultant for the paper helping to shape its future development. Share your story with us by emailing newsdesk@euroweeklynews.com, by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews

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