Deloitte’s remuneration analysis reveals shareholders want executive pay to reflect wider workforce
More than twice as many FTSE 100 companies have faced shareholder rebellions over executive pay this year compared with last year, despite an overall drop in pay packets, as investors took a harder line on pay fairness during the Covid pandemic.
This year, the number of FTSE 100 companies receiving “low votes” – with less than 80% of shareholders in favour – on their annual remuneration report more than doubled to 12%, from 5% in 2020, according to Deloitte’s annual FTSE 100 executive remuneration report. The analysis covers 58 companies which have held their annual meeting this year.
