Boardroom executives of at least five major companies are braced for rows over pay and succession planning when they hold their annual general meetings, at a time of renewed shareholder focus on directors’ pay. More than 25 companies have their AGMs scheduled for Thursday, although before they begin the focus is on FTSE 100 companies – such as Shire Pharmaceuticals, the building materials business CRH, Barclays and the fund manager Schroders – and the FTSE 250 engineer Weir. The votes on pay at Shire Pharmaceuticals, CRH and Weir are expected to be tight, especially at Shire – where the chief executive, Flemming Ørnskov, is receiving a 25% rise in his salary to $1.7m (£1.2m). This year’s AGM season has already broken records, with two FTSE 100 companies – BP and Smith & Nephew – both receiving no votes over pay on the same day – and revolts over pay are also expected on Thursday.
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