Philips shareholders vote against executive compensation plan

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FILE PHOTO: Logo of Dutch technology company Philips is seen at company headquarters in Amsterdam

AMSTERDAM (Reuters) – Philips shareholders voted against the company’s executive compensation plan at the annual shareholders’ meeting on Tuesday, ANP reported, in a protest over the company’s recent poor results and product recalls.

Although the vote was non-binding, Chairman Feike Sijbesma said he would take the result seriously, the agency reported.

(Reporting by Toby Sterling; Editing by Edmund Blair)

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