THOMAS Cook shareholders have rebuked the company’s board for shifting bonus targets in the wake of the volcanic ash cloud.

Almost half of shareholders’ votes failed to back the remuneration section of the company’s annual report, which contained revised bonus goals for the most senior 100 staff.

The shareholder meeting saw 53.2% of all votes in favour of the report, with 34.1% against and another 12.7% of votes withheld.