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Philips shareholders vote against executive compensation plan

Philips shareholders vote against executive compensation plan
Philips shareholders vote against executive compensation plan   -   Copyright  Thomson Reuters 2022
By Reuters

AMSTERDAM – Philips shareholders voted against the company’s executive compensation plan at the annual shareholders’ meeting on Tuesday, ANP reported, in a protest over the company’s recent poor results and product recalls.

Although the vote was non-binding, Chairman Feike Sijbesma said he would take the result seriously, the agency reported.