We use cookies to support features like login and allow trusted media partners to analyse aggregated site usage.
To dismiss this message and allow cookies to be used, please click "Continue".



Twitter board

Follow us
  • Friday View: Piecing together the pooling puzzle- DGF Roundtable - Royal Mail names pensions boss -LGPS Central sel… https://t.co/DPfZ3WUv6K2 days ago
  • portfolio institutional is launching a new series on LGPS pooling, tracking changes to investment strategies and up… https://t.co/Ld04PZ2TNK4 days ago
  • Friday View: ESG: What lies beneath? - Industry backs DWP's ESG push - LGPS Central CEO to step down - Railpen hire… https://t.co/S3knBieob09 days ago
  • Out now- The portfolio institutional September issue feat our cover on ESG: What lies beneath? -Interview: Railpe… https://t.co/x9EYxDVXEl13 days ago
  • Friday View: LGPS pool appoints CIO - Jack Dromey on cost reporting - TPR hires former FCA director - NEST issues p… https://t.co/aNVGQqK35Z16 days ago
  • RT @AonRetirementUK: How prepared is your portfolio? Read a write-up of the discussions at our recent event with @portfolio_inst, along wit…18 days ago
  • "Shadow pensions minister Jack Dromey comments on the need to set compulsory standards for cost reporting." Read m… https://t.co/vH1gGZBm1q18 days ago
  • "Border to Coast, a recently launched £46bn public sector pension pool, has appointed Daniel Booth as its chief inv… https://t.co/AlIwikhgli19 days ago
  • Friday View: Spike in shareholder rebellions - Investors ditch GBP funds - Access launches first  pooled fund - GAM… https://t.co/aFzvBWgsmp23 days ago
  • Join us and HarbourVest Partners for breakfast to discover how access to private companies can provide diversificat… https://t.co/JaRlWiziJl23 days ago
  • "Ian Scott tells Mark Dunne about being back on the buy side, hedge funds, self-sufficiency, the trouble with infra… https://t.co/G0UUF9ldSx24 days ago
  • "Aon has developed an ESG rating system for buy-rated investment strategies which is designed to assess whether and… https://t.co/mstoAc3vr325 days ago
  • "With hedge fund performance improving and pension scheme investment increasing, has more institutional backing res… https://t.co/JVcIEXXKwr30 days ago
  • "The infrastructure repair bill is huge and more and more pension funds are willing to step in and plug the funding… https://t.co/zXy2lbpj6K31 days ago
  • "For investors looking to own sustainable businesses, engagement is the new divestment." Read more here:… https://t.co/YiA28qc6BI32 days ago
  • "Thanks to climate change, pension scheme portfolios are in danger of overheating. So what are trustees doing to pr… https://t.co/8gND4lC1OZ33 days ago
  • RT @eVestment: With research claiming that companies with high #ESG standards make better #investments, are sustainable strategies on the v…37 days ago
  • "The revolution in how investors are assessing companies is gaining momentum. No longer considered niche, responsib… https://t.co/uFCHnMlOux37 days ago
  • Friday View: Beyond bonds: The future of LDI - Responsible investing: Just reward - Just buys DB adviser - Ex Railp… https://t.co/1suOFFSprA37 days ago
  • "An increasing number of pension schemes are adopting a more efficient way of investing." Read more in our in-dept… https://t.co/F6Y0e9DB5E37 days ago


2018 AGM season sees spike in shareholder rebellion over executive pay

2018 AGM season sees spike in shareholder rebellion over executive pay

Mona Dohle
Thursday 30th August 2018

Voting trends during the 2018 AGM season suggest that shareholder rebellions over executive pay are on the rise.

Shareholders rebelled in more than 120 FTSE All Share Company AGM’s, with more than 20% of participants expressing disagreement, data provided by UK asset management trade body the Investment Association revealed.

For the past two years, the industry body has kept a public register of AGM votes where more than 20% of shareholders have rebelled, in a bid to reinforce levels of accountability at listed companies.

Re-election of top executives was a key issue of controversy for many investors, the number of resolutions opposing the appointment of top managers doubled from 38 to 80 year on year.

For FTSE250 companies, the trend was even more pronounced, resolutions to oppose individual appointments increased by 106 from 18 to 37 year on year, the Investment Association said.

Executive pay was also a growing concern for investors in FTSE100 companies, in 18 cases more than 20% of shareholders objected to proposed salaries for company bosses. “Shareholders clearly remain unimpressed with the approach to pay last year, and are frustrated the message is not getting through to some boardrooms.

“FTSE 100 companies must do more to ensure the pay packets of their top team align with company performance and remain at levels that shareholders find acceptable” said Chris Cummings, chief executive of the Investment Association.

“Shareholders now need to see companies acting on their pledges to deal with investor concerns or risk facing another backlash next year” he adds

The latest data on FTSE100 executive pay released in August by the Chartered Institute of Personnel and Development (CIPD) reveal that salaries of top managers have increased by 11% between 2016 and 2017. Factoring in additional rewards such as bonuses, the mean annual pay package of FTSE1000 executives increased by 23%  in 2017.

Collectively, FTSE100 executives earned £561m with the mean average pay package amounting to £5.7m. In contrast, ONS data highlight that the median pay for fulltime workers in the UK has increased by 2% from £28,213 to £28,758 over the same period.


Leave your comment

View our comments policy

Please login or register with us to leave a comment. It's completely free!