Business
Results of Annual General Meeting
Results of Annual General Meeting.
About this update from Playtech Plc
[{"type":"text","content":"\n \n \n RNS Number : 5227N\n Playtech PLC\n 20 May 2020\n \n \n \n \n Playtech plc (the \"Company\")\n \n \n \n \n \n Results of Annual General Meeting\n \n \n \n \n \n Playtech plc announces that at its Annual General Meeting (AGM), held today, 20 May 2020, resolutions set out in the Notice of Annual General Meeting dated 23 April 2020 were duly passed by shareholders by means of a poll vote, with the exception of the Annual Report on Remuneration.\n \n \n Following Claire Milne's appointment as Interim Chairman, effective today, Playtech announces that Claire will also be Chairman of the Nominations Committee and as a result of the change of company Chairman, the Board will therefore be reviewing the structure and membership of all its committees in the near future. \n \n \n The Company has considered the reasons for the results of today's meeting, reflected in the voting outcomes for the resolutions regarding the directors' remuneration report and the re-election of Ian Penrose, the Chairman of the Remuneration Committee. \n \n \n In implementing the Directors' Remuneration Policy during the financial year ending 31 December 2019 the Remuneration Committee has sought to balance the parameters of a publicly listed company's remuneration policy with the need to retain and incentivise its leadership team. Playtech confirms it will conduct a thorough review of the remuneration policy and processes to not only reflect market and corporate governance best practices, but also ensure more rigorous implementation and transparent disclosure going forward for the benefit of the Company's shareholders. \n \n \n Playtech has made significant progress in developing its corporate governance and remuneration practices over the last 18 months during Ian's tenure as Chairman of the Remuneration Committee. As a consequence of an extensive shareholder engagement programme, to hear and reflect the views of its shareholders, there have been major improvements to the way in which the Company approaches remuneration, as reflected in the support for the remuneration policy last year. However, the Company recognises it needs to go further. Ahead of the AGM, the Remuneration Committee consulted further with shareholders to better understand their views on the remuneration report. There was a mix of feedback and this will ...