Finance
Anglo American withdraws executive pay resolution ahead of Teck merger vote
Published by Global Banking & Finance Review®
Posted on December 8, 2025
1 min readLast updated: January 20, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 8, 2025
1 min readLast updated: January 20, 2026
Anglo American withdraws a pay resolution before the Teck merger vote, focusing on share issuance approval for the $53 billion deal.
Dec 8 (Reuters) - Anglo American said on Monday it had withdrawn a proposal to change executive directors' bonus awards from a shareholder vote on its merger with Canada's Teck Resources, after investors raised concerns about the policy.
Anglo American said the merger remained conditional only on approval to issue new shares, not on the executive pay changes, adding that the remuneration committee will further consult shareholders on an updated pay policy at the 2026 annual general meeting.
The proposed $53 billion deal, one of the biggest in the mining industry, would create a copper giant. But the deal, due to its size, needs a nod from several regulators, including Canada.
Teck shareholders are scheduled to vote on the merger on December 9.
(Reporting by Yamini Kalia in Bengaluru; Editing by Rashmi Aich)
Executive compensation refers to the financial payment and benefits provided to top management in a company, which may include salaries, bonuses, stock options, and other incentives.
A merger is a business combination where two companies join to form a single entity, often to enhance competitiveness, expand market reach, or achieve synergies.
A remuneration committee is a group within a company that is responsible for determining the compensation of executives and ensuring that it aligns with the company's performance and shareholder interests.
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