Spain saw the greatest opposition to remuneration-related resolutions, with 60.6% contested—an increase of 33.2% year on year.
Across Europe investors are unhappy about executive pay. Indeed, recent research reveals that the number of shareholder revolts (defined as a vote of 10% or more of stockholders) against remuneration policies has risen 18% year on year.
Countries across Europe have also seen a hike in opposition to director appointments and share issuance.
Domenic Brancati, European chief executive of Georgeson, the consultancy that compiled the latest statistics, says: “Remuneration remains a key focus area, with shareholders showing a greater inclination to oppose executive compensation resolutions as a result of Shareholder Rights Directive and the
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Google’s controversial advertising sales business in Dublin earned revenues of €22.6bn (£20.1bn) from Europe, the Middle East and Africa last year but paid just €47.8m in tax, according to company filings in Ireland.
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