Investors in housebuilding firm Persimmon look set to criticise executive pay and the composition of the company ’s board at the annual general meeting ( AG ) this week . Shareholders are unhappy about a bonus scheme established in 2012 which could pay out £ ##50 m to 150 directors by 2022 and about the appointment of Nigel Mills as a non - executive director . Mills ’ is seen as lacking independence due to his relationship with the company ’s financial advisers , however . The Institutional Voting Information Service ( IS ) has issued an amber alert – the second highest of its warnings – about the relationship between Mills and Citi . Advisory bodies Manifest and John Lewis have also raised questions about the share bonus scheme and the remuneration report . Persimmon holds its AGM on Thursday, one of the first of the annual meeting season. 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 ( AG ) this week . Shareholders are unhappy about a bonus scheme established in 2012 which could pay out £ ##50 m to 150 directors by 2022 and about the appointment of Nigel Mills as a non - executive director . Mills ’ is seen as lacking independence due to his relationship with the company ’s financial advisers , however . The Institutional Voting Information Service ( IS ) has issued an amber alert – the second highest of its warnings – about the relationship between Mills and Citi . Advisory bodies Manifest and John 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 .