Rebels rap Provident Financial over boss Malcolm Le May’s pay

The Provvy was hit by the revolt at its annual meeting after it was slammed for paying Le May a 573,000 bonus. Investors controlling 20.4 per cent of shares opposed the pay report.

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(ShareCast News) – Provident Financial Group has made Malcolm Le May its permanent chief executive, with the banking veteran having last year been appointed executive chairman on temporary basis.

The fraud was only uncovered when his replacement looked into the internal accounts in 2007. The Financial Services Authority has fined Seymour Pierce £154,000 for failing to prevent the fraud..

Money (UK) Rebels rap Provident Financial over boss Malcolm Le May’s pay. – City & Finance Reporter for the Daily Mail. Doorstep lender Provident Financial has been hit by a rebellion over bosses’ pay, dealing it a setback as it fights off a takeover bid.

Malcolm John Le May .. He has been Chief Executive Officer of Provident Financial Plc since February 2, 2018 and served as its Interim Executive Chairman since November 24, 2017 until February.

Rebels rap Provident Financial over boss Malcolm Le May’s 573,000 bonus. amedpost May 22, 2019. Rebels rap Provident Financial over boss Malcolm Le May’s 573,000 bonusBy City & Finance Reporter for the Daily Mail published: [.] read More.

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