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Hargreaves Lansdown - AGM 08 October 2020

Items 3 and 4: Remuneration report and policy

Our concerns regarding the excessive short-term incentive overwhelm the positive features of the Hargreaves Lansdown's remuneration such as acceptable quantum and the payout adequately aligned with performance. We strongly disagree with any remuneration weighted more towards rewarding short-term performance and any LTI awards without performance conditions.

Item 21: Amend the Hargreaves Lansdown Sustained Performance Plan 2017

We do not consider the proposed plan conditions satisfactory: ECGS strongly believes that the executive LTI should be subject to challenging performance conditions aligning executives' pay with the companies sustainable value creation and shareholders' interests. In line with our voting policy, we recommend to oppose.

Hargreaves Lansdown

Hargreaves Lansdown is a direct to investor investment service administering investments for clients. Co. provides a platform through which clients can buy, hold and sell their investments within tax efficient wrappers such as individual savings accounts and self-invested personal pensions, or fund and share accounts. Co. acts as an intermediary between its clients and the fund managers or registrars of investments and can also provide advice.


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