The UK’s biggest companies are reining back executive pay as shareholders step up their campaign to keep remuneration in check.
After the rebellions of last spring, investors increased the pressure on chief executives and chairmen in the autumn to align pay with performance, resulting in pay restraint, according to research by consultants Towers Watson.
Even the likes of advertising group WPP are listening to shareholder concerns over the need to keep pay and bonuses under control, say investors.
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