Background – The subject of executive pay continues to be a subject of public controversy, involving pension funds in their roles as investors. CEO pay fell by 17 per cent last year to a mere £4.5 million according to the High Pay Centre. The Investment Association has suggested that holding individual directors to account over corporate pay practices has become more commonplace, but critics have argued that the change is just a reflection of stock market fluctuations, and that a change in the excessive pay culture isn’t happening at all.
Question – How have you held investee companies to account over their executive pay practices in 2017? Where you voted against pay policies or pay awards, did you also vote against the re-election of remuneration committee members as Directors?