PROPERTY giant
Investors showed their fury at the company at its annual shareholder meeting in April with just under 40 per cent voting against an almost £1m bonus for its chief executive
Around 17 per cent voted against his reelection to the board and 33 per cent voted against non-executive
"The performance of the business in 2020 met the conditions set out in the remuneration framework for the payment of bonuses but, considering the circumstances, the committee exercised its discretion by reducing this award by 50 per cent."
"Despite the discretion, it was clear that a significant proportion of shareholders did not agree with the decision to pay bonuses to executive directors under the bonus banking Plan, because the company had benefited from Government support."
The property sector recorded a strong year during the pandemic, as the Government also introduced a stamp duty holiday. Pay policies at
(c) 2021 City A.M., source