By Alec Mattinson2021-06-11T08:01:00+01:00
Morrisons suffered the UK’s largest investor rebellion over pay this year as 70% of shareholders voting rejected the supermarket chain’s remuneration report (The Financial Times £). Morrisons has suffered one of the biggest shareholder revolts over pay in British corporate history (The Times £). Morrisons shareholders have voted overwhelmingly against the award of millions of pounds in bonuses to executives who missed profit targets during the pandemic, in one of the biggest shareholder rebellions of recent years (The Guardian). Pirc, the shareholder advisory group that urged investors to reject Morrisons’ plans, said the revolt was one of the biggest on record (The BBC).
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