Barclays chairman Marcus Agius to apologise to shareholders for mishandling executive pay row The meeting at the Festival Hall is expected to be tempestuous, as investors get their first chance to quiz the bank's board, including Mr Agius and Mr Diamond, on executive pay and benefits, and Mr Diamond's £17.7m compensation package. At least 15pc of Barclays shareholders, including major fund managers such as Fidelity and Scottish Widows, are expected to vote against the bank's remuneration report, and against the re-election of Alison Carnwath, the head of its remuneration committee. However, there are suggestions that as many as a third of the bank's investors could vote against, in what would prove to be a serious embarrassment for the bank, though not enough to prevent the formal acceptance of the report. Many investors have been angered by the revelation that Barclays had paid £5.75m to cover a tax bill incurred by Mr Diamond when he relocated from New York to London to take over the running of the bank at the start of last year. Vince Cable, the Business Secretary, on Thursday night endorsed the investor anger as "very healthy." "The Government isn't a shareholder in Barclays so we don't have a direct role in this but I think this is a good example of a company which recently, for example, has been paying three times as much in bonuses as it was in dividends to its own shareholders, and it's a good example of shareholders standing up and saying no, this is not acceptable," Mr Cable told ITV News.