1 March, 2021

AstraZeneca shareholders signal concerns over pay

Almost 40% of AstraZeneca shareholders deliver a blow to the pharmaceuticals company, by voting against its annual remuneration report.

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Pharmaceuticals giant AstraZeneca received a warning shot from shareholders when almost 40% voted against the company's annual remuneration report. The vote at yesterday's annual general meeting saw 38.83% of shareholders oppose the report. The Times reported that it was the largest shareholder rebellion since Pascal Soriot became chief executive in 2012. Soriot's pay rose by 70% last year, to £13.4m. However, 96% of shareholders backed the company's new remuneration policy yesterday, indicating satisfaction with AstraZeneca's current approach. A statement from the company after the meeting said: "AstraZeneca engaged extensivel

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AstraZeneca, Executive pay, Pascal Soriot, shareholders