Tesco 2015 Annual Report Download - page 47

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D. Remuneration
D.1 Level and elements of remuneration
The Directors’ Remuneration Report on pages 46 to 69 explains the work of the Remuneration Committee and the remuneration received by the Directors.
D.2 Development of remuneration policy
The development of our remuneration policy and our rationale for the level and structure of the remuneration is set out in the Directors’ Remuneration Report
on pages 62 to 69.
E. Relations with shareholders
E.1 Shareholder engagement
We are committed to conducting constructive dialogue with shareholders to ensure that we understand what is important to them and enable clear communication of our
position. The Chairman, CEO and CFO hold regular meetings with shareholders and update the Board on the outcome of those meetings. Investor Relations keep the Board
informed of broker and analyst views, and report and present formally to the Board twice a year. In addition we carry out a survey each year of a cross-section of shareholders
in order to assess shareholder perception of the Company.
We support greater engagement with institutional shareholders as envisaged by the Stewardship Code. We are also keen to develop engagement with private shareholders
through various channels of communication, including the AGM, the Company’s website and social media.
E.2 Constructive use of the AGM
Our 2015 AGM will be held in London on 26 June 2015. The whole Board is expected to attend the AGM and be available to answer questions from shareholders present.
To encourage shareholder participation, we offer electronic proxy voting and voting through the CREST electronic proxy appointment service. At our AGM all resolutions
are proposed and voted upon individually by shareholders or their proxies. All votes taken during the AGM are by way of a poll. This follows best practice guidelines and allows
the Company to count all votes, not just those of shareholders attending the meeting.
45Tesco PLC Annual Report and Financial Statements 2015
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