Dominic Rossi, chief investment officer at Fidelity International, has shown his support for Theresa May's proposed plans to make executive pay votes binding at major firms.
Fidelity, which has £185bn under management, has long called for companies to encourage their top executives to use long-term incentive plans for staff remuneration. The company said May's proposal to make shareholder votes binding rather than advisory would help investors influence company policy. Rossi (pictured) said: "We first called for an annual binding vote in 2012. Extending shareholder powers even further will add significant momentum to our efforts to better align executive pay rewards with shareholder interests." But speaking to Sky News, he also added a new binding ann...
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