Sir Stuart Rose has brushed aside concerns of a shareholder revolt at today’s Marks & Spencer AGM, saying it is “just a re-run” of past issues.
There was nothing new in the concerns of shareholders who protested at last year’s meeting over his dual role as chairman and chief executive, Rose told the Financial Times.
“There is not one iota of new news,” he said. “The issue has been discussed, analysed, talked through… articulated and presented. Let’s see what turns out.”
Some major shareholders are today expected to vote against the company’s remuneration report and accounts.
Others have warned they will vote against or withhold their support for the re-election of Lady Louise Patten, chairman of the M&S remuneration committee.