She said calling out the firms would help tackle the “abuses and excess in the boardroom” and restore public confidence in big business. “This world-first public register, does exactly that, shining a spotlight on how companies respond to shareholders’ concerns over important decisions, including executive pay packages. “Others have ignored the concerns of their shareholders by awarding pay rises to bosses that far outstrip the company’s performance. WPPA 21% vote against £48m for chief executive Sir Martin Sorrell even though the total package was more than 30% lower than the £70.4m he received in 2015. SkyA 29% vote against £16m pay deal for chief executive Jeremy Darroch, largely because of a payout of nearly £12m under a long-term incentive plan.

Source: The Guardian December 19, 2017 05:48 UTC