Institutional Shareholder Services (ISS) has recommended Barclays investors re-elect all board members at its annual meeting in May, a move that may muffle protests against bosses for their support of former CEO Jes Staley, as investigations into his links with sex trafficker Jeffrey Epstein continue.
The influential proxy advisor said in a report published on Monday that "questions may be posed" as to the board's judgment in its decision to back Staley between 2019-2021, but it may be too soon for those questions to influence director elections.
In a pre-meeting notice to investors last month, Barclays said that since Staley resigned in November 2021 it had received "no material new evidence" from authorities to challenge the findings of a regulatory investigation into how Staley characterised his relationship with Epstein.
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