The US federation of trade unions, the AFL-CIO, has released its latest Executive Paywatch data which it says shows the average CEO of an S&P 500 company received an annual income of $12.4 million in 2015—335 times more money than …
Read MoreMining group, Rio Tinto, which is dual-listed in the UK and Australia, avoided a large scale rebellion over its remuneration report although there was a higher level of dissension than in previous years. The voting results were announced following the …
Read MoreHas the UK’s pay simplification project hit the buffers before leaving the station?
Last week’s unprecedented result at the AGM of Weir plc – 72.3% against the remuneration policy vote and 72.24% agains the vote on LTIP amendments (both binding …
Read MoreShareholders have again showed their discontent over excessive executive pay packages with large votes opposing remuneration reports and policies. Engineering company Weir lost its binding vote on its remuneration policy – with a 72% vote against – while at building …
Read More- UK Pay for Performance not Fit for Purpose
- Increasing disparity between CEO & stakeholder rewards
- Scepticism and loss of public confidence in business
Coming in the wake of some large votes by UK shareholders against executive pay, the Executive Remuneration …
Read MoreThe 2016 AGM season started with major defeats for two FTSE100 companies. Last Thursday (14th April) oil giant BP and medical equipments supplier, Smith & Nephew saw their remuneration reports rejected by shareholders at their AGMs. At the BP AGM …
Read MorePersimmon seeks to blame proxy advisors for NED’s slim majority
Construction firm, Persimmon, faced significant opposition in the vote to elect Nigel Mills as one their non-executive directors. There was a 47% vote against Mills’ appointment, due to independence concerns, …
Read MoreAnticipation that the US Securities and Exchange Commission is due to finalise three remaining Dodd-Frank Wall Street Reform and Consumer Protection Act compensation rules as well as recent rulings from Delaware Courts will keep executive pay in the spotlight during …
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