Fashion brand faces discontent over pay arrangements for former chief executive Christopher Bailey at this week’s annual general meeting.
Burberry, one of the world's most high-profile fashion brands, faces a tough AGM this week after a shareholder body recommended opposition to the company's remuneration report and settlement of the former chief executive's pay arrangements.
PIRC (Pensions & Investment Research Consultants Ltd) insists the arrangements for Christopher Bailey are "unacceptable" and his salary "excessive" ahead of the AGM on Thursday.
The shareholder body is concerned by two tranches of shares granted to Bailey—125,00
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