Rising Tide of Shareholders Protest Generous U.K. Pay Packages

The U.K.’s biggest companies are having a harder time gaining shareholder approval for executive pay packages, as investors take issue with a lack of transparency and disclosures when CEOs get a raise.
The number of companies in the FTSE 100 Index that failed to win at least 75 percent of shareholder votes in support of executive compensation plans almost doubled since 2012, consultant Deloitte said in a report released Monday. Eight companies in the index missed the 75 percent threshold, while while two failed to secure majority approval for proposed payouts. Just 26 percent of the largest 30 companies on the list garnered the backing of 95 percent of shareholders. Last year more than half reached that mark.

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