The banking group could face a shareholder rebellion over the issue at its annual general meeting on 24 May. CEO António Horta Osório saw his pay rise to £ 6.4 ##m ( $ 8.6 m ) in 2013 , up 11 % from the previous year . Advisory group Institutional Securities Services ( ISS ) has recommended that shareholders reject the bank ’s remuneration report due to differences between “ pay and relative performance ” . The gambling tech firm Playtech also suffered a bloody nose after 59% of shareholder votes were cast against its own remuneration report following plans to raise the pay of its chief executive, Mor Weizer, by 78%. ISS also highlighted Lloyds ’ “ unduly complex ” compensation awards and the lack of transparency about how such awards were determined . Glass Lewis , another advisory firm , has recommended support for the remuneration report .
The banking group could face a shareholder rebellion over the issue at its annual general meeting on 24 May. CEO António Horta Osório saw his pay rise to £ 6.4 ##m ( $ 8.6 m ) in 2013 , up 11 % from the previous year . Advisory group Institutional Securities Services ( ISS ) has recommended that shareholders reject the bank ’s remuneration report due to differences between “ pay and relative performance ” . ISS also highlighted Lloyds ’ “ unduly complex ” compensation awards and the lack of transparency about how such awards were determined . Glass Lewis , another advisory firm , has recommended support for the remuneration report .