RBS shareholders advised to vote against LTIP at AGM

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The Royal Bank of Scotland (RBS) shareholders should vote against the company's long term incentive plan (LTIP) at its next annual general meeting (AGM), a major advisory lobby group recommends.

Pensions and Investment Research Consultants (PIRC) said that LTIP based schemes were "inherently flawed", and were a major factor in the risks of rewards for failure. "There is an inherent risk...

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