The International Corporate Governance Network (ICGN) has backed calls by the Fair Reward Framework for companies to publicly disclose their executive remuneration policies.
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Moderna faces shareholder backlash on remuneration May 5, 2023 Moderna, the Cambridge-based biotech firm, has found itself in hot water for executive pay in the lead-up to its annual general meeting. The controversy centres on the $393m netted by CEO Stéphane Bancel in 2022 through exercising stock options, and the company’s decision to raise his […]
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The UK’s Financial Conduct Authority (FCA) has launched a discussion paper on the role of sustainability-related governance frameworks in finance.
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Musk defends $56 billion Tesla pay packet in court November 18, 2022 Elon Musk has appeared in court to defend his $56 billion Tesla pay package against claims he dictated its terms to the company’s board. Tesla shareholder Richard Tornetta has sued Musk and the board and hopes to prove the world’s wealthiest person used […]
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Executive pay has rebounded across public and private sectors over the course of 2021, an Australian Public Service Commission report has confirmed, despite the issue being front of mind for investors this AGM season.
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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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A quarter of shareholders of Australian energy company Santos have voted against the company’s executive pay plans, according to Reuters.
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The Investment Association has warned UK companies they must align executive remuneration with stakeholder experience in new recommendations.
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In a second blog post in our series on Australia’s upcoming AGM season, Minerva provides an overview of the remuneration strike system and identifies key remuneration votes to look out for in 2021. This blog article is based on analysis from Minerva’s upcoming Australia Peak Season Preview briefing – say hello@minerva.info for more information.
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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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