FINANCIAL TIMES PRESS DIGEST – MAY 5

The top stories in the Financial Times are listed below. These articles have not been verified by Reuters, and we cannot guarantee their authenticity. Headlines UK ports demand compensation for post-Brexit border ‘white elephants.’ Standard Chartered shareholders vote against CEO pay in a protest vote. Britain’s accountants and public relations businesses have been urged to break links with Russia. Despite investor opposition, the Ocado bonus system was approved. Overview UK ports are suing the government for compensation after a one-and-a-half-year delay in implementing post-Brexit border checks left them with idle high-tech buildings that might become multi-million pound “white elephants.” Almost 33% of Standard Chartered’s shareholders voted against executive pay at the bank’s annual meeting, after proxy advisers criticised the company for not cutting top managers’ bonuses enough in the wake of a huge UK regulatory fine. UK’s accounting, PR and management consulting firms have been asked to cut ties with Russian clients as part of a government ban on professional services exports to the country. About 29% of Ocado’s shareholders voted against the company’s remuneration policy amid controversy over an incentive scheme that could pay out millions of pounds to senior executives.

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