Stephen Hester to Explain £7.7m Pay Package in the Annual General Meeting
Stephen Hester to Explain £7.7m Pay Package in the Annual General Meeting

The Chief Executive of the RBI, Stephen Hester, will be facing tough situations at the annual general meeting where he has to explain his £7.7m pay package to the shareholders.

Even though the event is a formality, it has scored huge attention because of its agenda to hear even the ordinary investors during the course of meeting, commencing at its Edinburgh headquarters along with other issues such as RBS's Irish business.

In addition to this, other aspects of inspection will include shareholders seeking reassurance that the worst of the losses have already been taken. Simultaneously, the Managers will be asked questions on unstable proposals of banking commission.

The meeting is expected to forecast the public opinion on the banking industry and would act as an acid test to judge whether the project Merlin which is dealing between the government and Britain's largest banks, has done anything to calm ordinary people.

On the other hand, the corporate governance adviser, PIRC, has suggested the investors to cast their vote against RBS's pay plans.

Meanwhile, the Royal Bank of Scotland has faced protest from its native tribe people, for its support to controversial extraction of oil from tar sands in Canada.

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