Commenting ahead of Airbus’s annual general meeting on Thursday, Ashley Hamilton Claxton, Head of Responsible Investment at RLAM, said:
“We are voting against the remuneration at Airbus at the AGM on 16 April. This reflects our serious concerns about the ongoing awards to the former CEO following a widely publicised bribery scandal to secure airplane orders. We would urge the Board of Airbus to reassess whether the future vesting of the performance related elements of Mr. Enders’ pay is still appropriate.”
RLAM held 0.05% of Airbus, worth around £21.7m as of 8th April 2020.
About Royal London Asset Management (RLAM):
Established in 1988, Royal London Asset Management (RLAM) is one of the UK's leading fund management companies, providing investment management solutions to both wholesale and institutional clients such as not-for-profit organisations, local authorities and the insurance sector.
RLAM manages £139 billion of assets and employs 113 investment professionals as at end July 2020. It invests in all major asset classes including UK and overseas equities, government bonds, investment grade and high yield corporate bonds, property and cash.
For professional clients only, not suitable for retail investors.
Issued by Royal London Asset Management Limited, registered in England and Wales number 2244297; authorised and regulated by the Financial Conduct Authority. Registered Office: 55 Gracechurch Street, London, EC3V 0RL.
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