SHAREHOLDERS in fintech firm
At its AGM, some 65 per cent of investors in the
The resistance follows a similar backlash in 2023 in which investors rejected the pay report for the previous year. In their recommendations to shareholders ahead of the AGM this year, both ISS and Glass Lewis said the company's response to the rebellion over pay last year had not been rigorous enough.
"There remains significant scope for more robust disclosures" about pay, ISS said.
"[The board] takes the outcome of shareholder votes extremely seriously and will engage with shareholders and shareholder advisory bodies to ensure their feedback continues to inform the company's approach to governance and remuneration taking into account the specific needs and profile of the Company,"
Shares in the fintech firm, which floated in
However, it is among scores of companies to now face resistance over pay from the two top shareholder advisory firms, ISS and Glass Lewis.
The scale of the rebellion at
(c) 2024 City A.M., source