Tuesday, May 9, 2017

Barclays CEO Staley Will Face His Shareholders Wednesday Amid Whistleblower Scandal

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Barclays CEO Jes Staley will come under the spotlight at the company’s annual general meeting this Wednesday as shareholders get the chance to vote on his re-election to the board.

The meeting comes after Institutional Shareholder Services, a proxy advisory firm, recommended that shareholders abstain in protest after Staley’s attempt to identify an internal whistleblower, a move that spurred investigations in the United Kingdom by both the Financial Conduct Authority and the Prudential Regulation Authority.

His position as CEO is not up for debate at the meeting.

May 09, 2017 at 11:30PM

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from Editor

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