Genworth Reports Big Change in Exec Comp Approval Vote
December 15, 2018 by Allison Bell
Shareholders of Genworth Financial Inc. may be less happy with Genworth Financial Inc. executive pay this year than they were a year ago.
Genworth shareholders approved every director and proposal included on the proxy card this year, but they approved the 2019 executive compensation item by a much lower percentage this year.
This year, shareholders approved the compensation proposal by a vote of 194,140,26 to 155,807,823, with about 1.6 million abstentions, and about 91 million broker shares not voting.
The compensation proposal won with 55% of the for and against votes cost, but only 44% of all votes cast.
Click HERE to read the full story via ThinkAdvisor.