Pay deals for top company bosses in the US face mounting opposition from some of Europe’s most influential investors even as their large American counterparts continue to provide solid support for exorbitant executive remuneration packages.
The investment arms of UBS, Axa, Legal & General, BNP Paribas along with APG, Europe’s largest pension fund, voted against significantly more pay awards by S&P 500 companies in the 12 months to June 30, according to Proxy Insight, the data provider.
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