ROYAL Bank of Scotland and Standard Life Aberdeen have unveiled plans for remote annual meetings.

RBS said to meet a legal requirement of holding an AGM by June 30, a quorum of five employee shareholders will meet at its conference centre in Edinburgh.

This will not include the chief executive Alison Rose or chairman Howard Davies who will be at a virtual event that includes questions.

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An RBS spokesman said: “While shareholders will not be able to attend the physical AGM, they will be able to make their votes by proxy.

“We will also be holding a virtual shareholder event on the same day to make sure shareholders can hear from our senior leadership team and ask questions.”

SLA‘s remote AGM requires only one board member to attend in person, with no live questions but they can be submitted. Sir Douglas Flint, SLA chairman, said the dividend remains, adding: “Many pensioners and savers rely on dividend payments from their stock portfolio to provide an income.”

SLA’s annual report and accounts for 2019 show Keith Skeoch, chief executive, received £1.5m, Martin Gilbert, vice-chairman, £1.2m, and Sir Douglas £476,000 in remuneration.

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