Advisory firms called on shareholders to reject a pay package ‘unprecedented’ among FTSE companies
AstraZeneca chief executive Pascal Soriot. In his defence, he can point to AstraZeneca’s transformation during his 12-year tenure, as evidenced by its shares trouncing the FTSE 100. Photograph: Justin Tallis/WPA Pool/Getty Imagesshareholder Rajiv Jain, who told the Financial Times before the company’s annual general meeting that there was a “compensation issue” at the company and that chief executive Pascal Soriot deserved his proposed £1.8 million pay rise.
ISS described Soriot’s compensation as “unprecedented” among FTSE companies, saying the latest hike “further widens” the pay gap with FTSE peers. Soriot’s pay has long been controversial.In 2021, 40 per cent of shareholders voted against an increased pay package awarded in the face of negative headlines regarding AstraZeneca’sAnnouncing a large dividend increase hours before the vote presumably helped, with Hargreaves Lansdown describing it as a “barely disguised sweetener”.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Investor advisory firm urges vote against re-election of Kingspan chairmanGlass Lewis, an influential investor advisory firm, is urging Kingspan shareholders to vote against the re-election of chairman Jost Massenberg due to concerns about a lack of clear board oversight of environmental, social, and governance (ESG) issues. This comes after Kingspan confirmed its involvement in a £150 million out-of-court settlement related to the Grenfell Tower fire.
Read more »
EY Ireland narrows search for new Dublin HQ down to final twoBig Four accountant and advisory business looking to nearly double its office space in city centre
Read more »
St Stephen’s Green MetroLink station threatens ‘priceless’ historic asset, Heritage Council saysStation could ‘compromise one of city’s most noted cultural heritage anchors’, State advisory body says
Read more »
'I didn’t really have time to think... I was just thrown in. It was a massively special day'Jordan Larmour still has ambitions of recreating the feeling from his first Ireland start since 2021.
Read more »
Fodder register and support lines established for farmersFarm advisory service Teagasc has opened telephone advice lines for farmers struggling with the ongoing wet weather and also a fodder register to help deal with any shortages.
Read more »
Ireland is one of slowest countries in Europe for medical reimbursment, it’s ‘a bit of a travesty for patients’AstraZeneca’s Alex Wilkes warns Ireland needs to speed up access to medicines and expand the breadth of its pharma sector
Read more »