Backlash against high remuneration levels continues as 20% and 30% of investors respectively vote against pay deals
Protests over boardroom pay have been registered at estate agent Foxtons and betting company Paddy Power Betfair as shareholders maintain their scrutiny of executive remuneration.
After the annual general meeting season began with pay deals being voted down at FTSE 100 companies Shire Pharmaceuticals and BP, boardrooms have been on alert. At the Foxtons AGM, where the chief executive, Nic Budden, received a 19% salary increase to £550,000, 20% of shareholders voted against the remuneration report and the company promised to consult further with investors.
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