Philips shareholders vote against executive compensation plan

2022.05.10 17:51

FILE PHOTO: Logo of Dutch technology company Philips is seen at company headquarters in Amsterdam, Netherlands, January 29, 2019. REUTERS/Eva Plevier/File Photo

AMSTERDAM (Reuters) – Philips shareholders voted against the company’s executive compensation plan at the annual shareholders’ meeting on Tuesday, ANP reported, in a protest over the company’s recent poor results and product recalls.

Although the vote was non-binding, Chairman Feike Sijbesma said he would take the result seriously, the agency reported.

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