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This year, the PLSA’s annual review of the votes at UK company AGMs examines the issue of executive remuneration, lending some concrete data to the lively debate currently taking place on this issue. The report includes an analysis of remuneration-related votes at company AGMs, as well as the results of a PLSA survey looking at the views of pension fund investors on executive pay.
Findings include:
The report argues that boards must do more to heed shareholder concerns over executive pay. For our part, the PLSA will shortly update our Corporate Governance Policy and Voting Guidelines, to provide stronger, clearer guidance for our members on holding companies to account regarding their pay practices.