FTSE 100 companies have responded to last year's investor rebellions regarding executive pay, with "more conservative policies" being adopted according to new analysis from the Investment Association (IA).
Voting data from the 2017 AGM season compiled by the IA has found investors are effectively holding FTSE 100 and FTSE 250 companies and their individual directors to account with regards to executive remuneration. A number of FTSE 100 companies have listened to and acted on concerns raised by shareholders last year, with a 35% decrease in 2017 remuneration resolutions receiving over 20% dissent. More conservative pay policies - which were up for their three-year renewal - have been put into place this year for executive teams, which are now more in line with shareholder expectations....
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