Prudential fights off shareholder rebellion on pay

Prudential fights off shareholder rebellion on pay
 

INSURANCE giant Prudential defused a shareholder rebellion on pay at yesterday's annual general meeting, but directors had to suffer being accused of corporate greed from the floor.
Nearly 12 per cent of voting shareholders rejected Prudential’s remuneration report for last year, which hiked executive directors’ total pay packages 12 per cent to £33 million. A total of 12.9 per cent voted against the company’s plans for for a new long-term shares bonus plan.
The boardroom largesse came despite the company being fined £30m by the Financial Services Authority recently, and chief executive... read more

 
17 May 2013 in Business, Views: 15
Source: Scotsman
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