Analysis by Board Agenda reveals that pay revolts in the first half of 2021 are up on the same period last year by 51%.
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Shareholder revolts over pay are on the rise. Figures from the Public Register of shareholder voting show that investors have increased the rate at which they object to remuneration reports. According to some, that may be driven by disappointment that boardroom pay in some quarters remained high last year despite the pandemic crippling many business sectors.
According to Board Agenda analysis, pay revolts in the first half of 2021 are up on the same period last year by 51%. So far, 41 AGMs have seen votes of 20% or more of shareholders against remuneration. That’s up on the 27 in the first half of 2020 and ahead of the 37 for the full 12
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