Rolls-Royce Holdings - AGM 02 May 2019
Item 2: Approve the Remuneration Report
The remuneration structure is unsatisfactory given the potential maximum size of the annual bonus and of total incentive pay. Total pay was at a similar level to the previous year ( £4.48M ) indicating that the new remuneration policy has resulted in a significant increase in pay (approximately 30%) and the STI has resulted in a bonus paid at 60% of base salary despite the company having made a loss for the year. We recommend shareholders oppose.
Rolls Royce Holdings is an engineering company. Co. is organised into five businesses: civil aerospace, which develops, manufactures, markets and sells commercial aero engines and aftermarket services; defense aerospace, which develops, manufactures, markets and sells military aero engines and aftermarket services; power systems, which develops, manufactures, markets and sells reciprocating engines and power systems; marine, which is develops, manufactures, markets and sells marine-power propulsion systems and aftermarket services; and nuclear, which develops, manufactures, markets and sells nuclear systems for civil power generation and naval propulsion systems.
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