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ISS advises Metro Bank investors block pay report, abstain in re-election of CEO and chairman

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ISS advises Metro Bank investors block pay report, abstain in re-election of CEO and chairman
FILE PHOTO: A logo is seen on the outside of a branch of Metro Bank in central London July 28, 2010. REUTERS/Toby Melville/File Photo   -   Copyright  Toby Melville(Reuters)
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LONDON (Reuters) – Shareholder advisory group ISS has advised investors in British lender Metro Bank to vote against its remuneration report and abstain in votes on the re-election of four key directors, including its CEO and Chairman.

ISS advised investors to abstain on motions proposing the re-election of chairman Vernon Hill, chief executive Craig Donaldson and directors Stuart Bernau and Eugene Lockhart.

The advisory group also advised investors to abstain in a vote on the reappointment of PwC as auditors.

(Reporting by Iain Withers, editing by Sinead Cruise)

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