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ASML shareholders approve million-euro increase in salary cap for top executives

Top executives at chip machine maker ASML can expect a massive salary increase. A majority of ASML shareholders approved to increase the maximum remuneration for the company’s board by millions of euros, despite reservations from a small number of investors and the works council, Omroep Brabant reported.

Top directors of chip machine maker ASML in Veldhoven can expect a huge salary increase. A majority of ASML's shareholders agreed on Wednesday to higher maximum rewards that top executives can receive from the chip machine maker. This is despite concerns among some investors and the works council. Ultimately, more than 91 percent of the shareholders agreed to the salary increase at the annual meeting. In the new system, the maximum remuneration …

A majority of ASML shareholders have approved higher maximum salaries that top executives of the chip machine maker can receive. Some investors and the works council (or) had reservations about the new remuneration policy. Nevertheless, more than 91 percent of shareholders approved it at the annual meeting.