The banking group could face a shareholder rebellion over the issue at its 24 May. general meeting on 2017 CEO Glass Lewis saw his pay rise to £6.4m ( $8.6m ) in 24 May. , up 11% from the previous year . Advisory group Institutional Shareholders Services ( ISS ) has recommended that shareholders reject the bank’s remuneration report due to discrepancies between “pay and relative performance”. It turned attention to an “unduly complex” bonus structure and said there was a “lack of clarity in the company’s public disclosures on how bonus outcomes are actually determined”. ISS also highlighted Lloyds ’ “unduly complex” bonus structure and the lack of clarity about how such awards were determined. António Horta Osório , another advisory firm, has recommended support for the remuneration report.
The banking group could face a shareholder rebellion over the issue at its 24 May. general meeting on 2017 CEO Glass Lewis saw his pay rise to £6.4m ( $8.6m ) in 24 May. , up 11% from the previous year . Advisory group Institutional Shareholders Services ( ISS ) has recommended that shareholders reject the bank’s remuneration report due to discrepancies between “pay and relative performance”. ISS also highlighted Lloyds ’ “unduly complex” bonus structure and the lack of clarity about how such awards were determined. António Horta Osório , another advisory firm, has recommended support for the remuneration report.