CEOs backing new governance statement cause a stir

CEO pay hikes facing greater shareholder resistance June 16, 2022 Investors of major US companies reject large executive packages Large CEO pay hikes are coming under increased scrutiny with investors at major US companies rejecting generous executive pay packages in shareholders’ votes in the past year. According to Minerva data, dissent has radically increased among […]

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GSK

The pay offer dispute comes after GSK made significant profits in 2021 and gave its CEO a 17% pay rise.

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Investor Forum embraces ‘stakeholder capitalism’

The majority of Europe’s biggest financial institutions already have in place – or will have soon – remuneration packages linked to environmental, social and corporate governance (ESG) performance, a report has revealed. 

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StanChart boss pay slashed 29%

StanChart boss pay slashed 29% CEO Bill Winters’ pay packet has been reduced to £3.8m The CEO of Standard Chartered has seen his pay packet slashed by 29% with the bank reporting heavy profit falls due to the fallout from Covid-19. This means chief Bill Winters’ pay packet for the year has fallen to £3.8m, […]

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Companies plan to align ESG priorities with incentive plans

Companies plan to align ESG priorities with incentive plans Investor pressure and recognition of benefits are driving the change Companies around the world are accelerating their focus on environmental, social and governance (ESG) priorities as climate change and diversity issues gain prominence, but more work is needed. Over the next three years, four in five […]

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COVID-19 Capital and Pay Response

As the COVID-19 pandemic continues to evolve and cause economic disruption UK-listed companies are taking action to support their balance sheets and provide financial flexibility. In particular, many companies have adjusted their approach to capital allocations with some also reviewing its approach to executive and employee remuneration. Boards have difficult decisions to make and getting […]

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ESG-aligned remuneration

Business leaders agree ESG-aligned remuneration pledge A new manifesto aiming to align executive pay to ESG-related criteria has been welcomed by company CEOs. Gathering at the World Economic Forum’s (WEF) International Business Council meeting, held in Davos this week, the majority of company bosses gave their backing to an initiative to tie their remuneration to […]

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Median CEO pay falls, but is this the full story?

Median CEO pay falls, but is this the full story? When it comes to corporate governance, no topic is more contentious than the pay of top CEOs. The debate over whether companies pay their top executives excessively high salaries has been raging for years. Couple this with research from Edelman Trust showing that nearly two-thirds […]

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Micro Focus: Transaction-based award resulting in excessive pay

AGM Update: Following the 29 March AGM, Micro Focus disclosed that the Remuneration Report was defeated with a 50.4% vote against – on a non-binding basis.   Shareholders have become accustomed to the concept of pay for performance, but pay for transactions rarely attract the same level of scrutiny. Micro Focus International plc (LON: MCRO) […]

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Blue Prism Group: LTIP structure around performance shares award

Blue Prism Group is overhauling its remuneration structure for the coming year with an increase in pay opportunity and the introduction of new long-term incentive awards. As Blue Prism is listed on AIM the company is not required to put its forward-looking remuneration policy to shareholders for approval, although they are offered a non-binding vote […]

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