About 20% of independent investors failed to back scheme that handed chairman more than £23m last year
House builder Berkeley Group has been rebuked by shareholders over its pay policy, with about a fifth of independent investors failing to back a scheme that handed the firm’s boss more than £23m last year.
About 14.5% of shareholders directly opposed the remuneration report at the annual meeting in Stoke D’Abernon, Surrey, with a further 4% withholding their vote. However, if the directors’ near 10% stake in the builder is excluded, 20% of shareholders declined to support the plan that led to chairman Tony Pidgley being paid £23.3m.
Source: The Guardian Circular Economy RSS