Ryanair Reports 30% Votes Against Re-Election Of Chairman Bonderman

LONDON (Alliance News) - Ryanair Holding PLC on Thursday said Chairman David Bonderman was ...

Alliance News 20 September, 2018 | 11:24AM
Email Form

LONDON (Alliance News) - Ryanair Holding PLC on Thursday said Chairman David Bonderman was re-elected with 70.5% of votes, compared to 89% votes in favour last year.

Meanwhile, Chief Executive Michael O'Leary was supported by 98.5% of shareholders, slightly down from 99% of votes in favour that he get last year.

Ryanair shares were trading 0.3% lower on Thursday at EUR13.72 each.

According to the media reports, several investors, including Royal London Asset Management and Britain's Local Authority Pension Fund Forum, said that they will vote against Bonderman's re-election, citing Ryanair's poor treatment of staff and the need for the company's board renewal.

During the year, the company saw a series of industrial actions across Europe, organised by its cabin crew and pilot unions, who tried to push for better pay and conditions for their members.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2018 Alliance News Limited. All Rights Reserved.

Email Form

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Ryanair Holdings PLC 12.26 EUR -0.61 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

Audience Confirmation

By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.

  • Other Morningstar Websites