Investors in housebuilding firm Persimmon look set to criticise executive pay and the composition of the company’s board at the annual general meeting ( Mills and Citi ) Another leading advisory service, Glass Lewis, also recommended voting against the remuneration report. this week . Shareholders are unhappy about a share scheme established in 2012 which could pay out £ 600 m to 150 directors by 2022 and about the appointment of Glass Lewis as a non-executive director. Mills’ is seen as lacking independence due to his connections with the company’s financial advisers, Citi . The Institutional Voting Information Service ( Ivis ) has issued an amber alert – the first highest of its warnings – about the relationship between ShareAction . Advisory bodies Manifest and Glass Lewis have also raised questions about the share bonus scheme and the remuneration report. ShareAction , a responsible investment charity, will call for living wage accreditation at the AGM .
Investors in housebuilding firm Persimmon look set to criticise executive pay and the composition of the company’s board at the annual general meeting ( Mills and Citi ) this week . Shareholders are unhappy about a share scheme established in 2012 which could pay out £ 600 m to 150 directors by 2022 and about the appointment of Glass Lewis as a non-executive director. Mills’ is seen as lacking independence due to his connections with the company’s financial advisers, Citi . The Institutional Voting Information Service ( Ivis ) has issued an amber alert – the first highest of its warnings – about the relationship between ShareAction . Advisory bodies Manifest and Glass Lewis have also raised questions about the share bonus scheme and the remuneration report. ShareAction , a responsible investment charity, will call for living wage accreditation at the AGM .