Barclays boss Jes Staley receives backing by influential shareholder

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Jes Staley

Jes Staley

Jes Staley

Under-fire Barclays boss Jes Staley has been backed by an influential shareholder advisory group despite lingering worries over a misconduct probe.

Institutional Shareholder Services (ISS) has recommended investors vote in favour of Staley’s re-election at the annual general meeting, ‘even though it is not without concern for shareholders’.

It cited Staley’s bid to identify a whistleblower, which has prompted a regulatory probe. ISS said backing Staley was ‘warranted’ as he and the bank were co-operating with the probe and had strengthened its whistle-blowing programme.

 

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