Institutional Shareholder Services (ISS) has urged Barclays PLC (LSE:BARC) investors to re-elect all board members at the upcoming annual meeting, despite protests against the board's support for former CEO Jes Staley, who is being investigated for his links with Jeffrey Epstein.
This is according to a report on the Reuters newswire that says ISS suggests waiting for the outcome of the various investigations before influencing director elections.
Barclays has received no new evidence challenging the findings of a regulatory investigation into Staley's relationship with Epstein since his resignation in November 2021, the article noted. Staley's unvested bonuses remain suspended.
ISS's rival advisor, Glass Lewis, recommended voting against bosses' pay over long-term bonuses awarded to former CFO Tushar Morzaria.
Mid-afternoon, Barclays shares were trading 2.2% lower at 154.36p.