Hargreaves Lansdown to consult with shareholders who voted against certain re-elections at AGM
UK direct-to-investor investment and online trading firm Hargreaves Lansdown PLC (LON:HL) has just posted the results of the annual general meeting held earlier today.
Although all resolutions were passed, two of the proposed resolutions met certain opposition. These are:
- Resolution 6. Re-election of Deanna Oppenheimer – Non-Executive Chair (33.53% of the votes were cast against the proposal);
- Resolution 13. Re-Election of Moni Mannings – Non-Executive Director (25.67% of the votes were cast against the proposal).
The Board notes that resolution 6 (Re-election of D Oppenheimer) and resolution 13 (re-election of M Mannings) were passed with the necessary majority but with less than 80% of support. HL says its Board will consult with the specific shareholders who did not vote in favour to understand any concerns.
Moni Mannings qualified as a solicitor with a strong background in international banking and finance and was a Senior Partner and Board member of law firm Olswang LLP. She has held a number of non-executive positions including as a Board member of Dairy Crest Group plc, Polypipe Group plc, the Solicitors Regulation Authority (chairing its Equality, Diversity and Inclusion Committee) and Cranfield University.
Ms Oppenheimer was appointed to Hargreaves Lansdown’s Board in February 2018.
She has extensive board level governance and leadership experience in both public and private financial services business having worked in the industry for 35 years at Executive and Non-Executive level. Her rich executive experience includes, amongst other things, the transformation of the retail banking division at Barclays.
Ms Oppenheimer is founder of CameoWorks, a consumer focused boutique advisory firm which works with fintech businesses and other technology disrupters. She is a member of the 30% Club.