Shareholders rebel against FTSE 100 pay packages amid 'bruising' AGM season

According to latest Deloitte survey

FTSE 100 companies are finding it harder to gain shareholder approval for executive remuneration plans as concerns escalate over excessive CEO pay.

Investors are concerned about the lack of transparency and disclosures at some FTSE 100 firms, which have failed to gain shareholder approval for their pay packages, according to a survey by Deloitte. The latest survey shows eight firms in the index failed to get 75% approval for their plans, with two missing the 50% majority mark, Bloomberg reports. Only 26% of the largest 30 firms managed to get 95% backing from their shareholders this year, even though last year more than half of them reached this threshold. Standard Life CEO takes £600k pay cut on fears of shareholder revolt ...