Deutsche Börse introduces pay cap for executive board

Deutsche Borse pay cap

Financial exchange group Deutsche Börse has introduced a cap on the total remuneration of its executive board members. The company said the decision to introduce the cap was taking at its supervisory board meeting this week and was part of

UK corporate governance reforms: Pay ratio disclosure to be mandatory

UK corporate governance pay ratio disclosure

The UK government is to require companies to publish pay ratios between chief executives – based on their total remuneration – and their average UK worker. This was among the actions outlined in the government’s response to its corporate governance …

UK PM Theresa May goes to market on #corpgov reform

CEO pay revolts

The UK government has signalled that it will taking a shareholder and stakeholder market-based approach to governance reform rather than introducing more rules on executive pay. According to early briefings reported in the on  Financial Times (FT) and Daily

GVC Holdings says it is responding to shareholder pay concerns

Shareholders in FTSE 250 company, GVC Holdings voted heavily against its remuneration report at its AGM this week (20th June). However, the betting firm voiced its commitment to engaging with shareholders and has recruited a new chair of its remuneration …

Morrisons: Remuneration report vote passed narrowly

Shareholders in Morrisons only narrowly backed the supermarket chain’s remuneration report at the AGM vote this week (15th June) with the proxy voting results showing that the company received a 48% vote against. However, the binding vote on its remuneration …

Upcoming Renault AGM results will be closely watched by investors

French carmaker Renault will be holding its AGM on 15th June and its voting results will be closely watched due to longstanding concerns about its governance and after its vote on pay was defeated last year.

The pay of Carl …

Equilar: Highest paid US chief executives earn more than ever

The median pay of the 200 highest earning US chief executives (CEOs) rose to $16.9m in fiscal year 2016 according to the  annual study of US CEO pay by advisory firm Equilar and those included on this list saw a …

Hermes calls for vote against VW boards and pay policy

In the lead up to the AGM of the carmaker, Volkswagen (VW), last week (10th May) activist investor Hermes EOS recommended a vote against re-electing members of the management and supervisory boards and the revised remuneration policy.

Hermes …

ShareAction: Investors to oppose BP and Shell’s pay policies

Responsible investment pressure group, ShareAction is calling on investors to oppose the executive pay policies of oil companies, Shell and BP, arguing that they are not aligned with the long-term interests of shareholders.
ShareAction said that the remuneration for …

Shareholders vote down Pearson’s remuneration report

Educational services company Pearson, lost the vote on its remuneration report at its AGM last week (5th May). There were also significant votes opposing the company’s remuneration policy and the re-election of the remuneration committee chair.

If abstention votes …