ZURICH, April 28 Credit Suisse
shareholders on Friday narrowly approved the Swiss bank's 2016
compensation report in a non-binding vote at its annual
shareholder meeting, with 40 percent of the vote opposing the
"It is my job to prevent such a low vote in future,"
Chairman Urs Rohner said after the vote.
At last year's AGM, 17.9 percent of the vote had opposed the
compensation report. Senior management at Credit Suisse,
Switzerland's second-biggest bank, volunteered to take a 40
percent cut in their bonuses amid unrest over the pay packets on
the back of 5.65 billion francs in losses since 2015. The board
of directors also offered to freeze their pay.
(Reporting by Joshua Franklin and Oliver Hirt; editing by
Brenna Hughes Neghaiwi)