City Of London
Barclays Has Questions to Answer on Staley, Proxy Firm Says
- ISS still recommends reelection of British bank’s directors
- Chairman called recent slew of allegations ‘serious and new’
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Barclays Plc shareholders could use the firm’s annual meeting to press directors about their support for former boss Jes Staley, according to a report by proxy firm Institutional Shareholder Services.
Staley stepped down from the British bank in 2021 after UK regulators shared with Barclays the preliminary findings of a probe into what he disclosed about his relationship with deceased pedophile financier Jeffrey Epstein. These ties, cultivated when Staley led the investment bank at JPMorgan Chase & Co., are now at the center of legal proceedings.