shareholders

PIRC is advising shareholders to oppose long-term incentive plans for senior staff in the run-up to the 2013 annual general meeting season.

Some asset managers display "inconsistent" voting strategies on remuneration and are reluctant to disclose voting behaviour, FairPensions research says.

Multi-national corporations are changing their approach to executive remuneration as a result of the UK's "shareholder revolution", Mercer has said.

Institutional investors taking part in a Sodali survey overwhelmingly endorsed the ‘say on pay' system of voting on executive remuneration as Mercer criticised government policy on top pay.

Friends Life has launched an in-house asset management business to manage the firm's fixed income assets.

Glencore is under pressure to improve the terms of its $30bn offer for Xstrata after the latter proposed new compensation arrangements, and a leading shareholder came out against the deal.

Pension funds still have "clout" in UK equity markets, despite holding a dwindling proportion of UK shares compared with foreign investors and institutional asset managers, according to the National Association of Pension Funds.

A majority of 60% of WPP shareholders voted against chief executive Sir Martin Sorrell's £6.8m pay package yesterday, in an embarrassing defeat for the advertising agency's outspoken boss.

HSBC has weathered this year's shareholder backlash against executive pay, with a lower vote against its remuneration package than last year.

HSBC will come under fire from shareholders at its AGM today in the latest rebellion against executive pay.