Asset managers accused of grandstanding on Persimmon pay
Asset managers who slammed Persimmon pay packages this AGM season have been silent when questioned over their voting record at the UK housebuilder, which enabled executive remuneration to soar.
RLAM revolts against Persimmon pay
Royal London Asset Management is one of the few asset managers that has confirmed it will vote against sky-high executive pay packages at Persimmon’s AGM on Wednesday, as the housebuilder comes under fire for failing to meet the living wage for its lowest-paid workers.
GAM to cap bonuses after shareholder revolt on excessive pay
GAM is set to introduce fresh caps on the bonuses paid to its top bosses next year following a shareholder revolt against excessive pay outs earlier this year.
IA presses 100 UK firms to tackle shareholder concerns
The Investment Association has pressed 100 UK companies for more information on the steps they are taking to alleviate shareholder concerns.