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12:12

Joanna Geary - Welcome to Times Online's liveblog coming to you from the Royal Bank of Scotland AGM in Edinburgh.

12:14

Joanna Geary - Our financial correspondent, Miles Costello, will be reporting on the latest action from inside the meeting.

12:15

Joanna Geary - We also welcome your thoughts on RBS, Sir Fred Goodwin, job cuts and directors pay.

12:16

Joanna Geary - Reports this morning have said that Fred Goodwin is considering a reduction in his £16.9 million pension: http://tinyurl.com/dz6pbo

12:17

Joanna Geary - However, we are now getting information that Sir Fred has denied that this is the case. More details will follow when we have them.

12:18

Joanna Geary - The AGM is due to start at 1pm which, technology permitting, is when we will be hearing from Miles.

12:20

Joanna Geary - It is expected that RBS will come under pressure from shareholders to explain why Colin Buchan, Archie Hunter and Joe McHale - three independent directors who presided over the bank's near-collapse - remain on the board: http://tinyurl.com/d9lrvs

12:22

Joanna Geary - Sir Philip Hampton, chairman of RBS, has also warned that the bank will add more job cuts to the 2,700 it has already announced.
He has also called for an end to the "public flogging" of the company: http://tinyurl.com/cwmhnn

12:23

Joanna Geary - You can also read Sir Philip Hampton's statement in full: http://tinyurl.com/czanke

12:25

Joanna Geary - Here are the top ten wrongs that led to the near-collapse of RBS: http://tinyurl.com/d9484r

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