May 10, 2017

Barclays boss set for shareholder grilling at AGM

Barclays shareholders are to vote on whether to re-elect Jes Staley to the bank's board, amid controversy over his role in a whistleblowing affair. It will be the first time Mr Staley has faced investors since it emerged he attempted to find out the identity of a whistleblower at the bank. Some investors say they will vote against re-electing him at the firm's annual general meeting. Institutional Shareholder Services, an influential shareholder advisory group, has told investors to abstain in the vote, citing concerns over "His personal involvement and accountability" in the controversy. While he is expected to be re-elected to the board, investors will be watching the margin of the vote closely.

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