A larger number of European listed firms are facing investor unrest over executive pay plans, which rose by nearly a quarter this year, Simon Jessop of Reuters reports. Among major companies in nine of Europe’s stock markets, 37.9% received over 10% opposition, which is up from 30.7% last year. InterContinental Hotels Group (IHG) saw 69.5% of investors back its plan while UniCredit (UNCRY) saw 66.5% support. For the first time, the sale of opposition to future pay policy exceeded that for the pay report on the prior year.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IHG:
- InterContinental Hotels Group Executes Share Buyback and Reports Increased Stake by PineStone Asset Management
- Hold Rating for InterContinental Hotels: Strong Financials but Limited Short-Term Upside
- InterContinental price target raised to 8,700 GBp from 8,400 GBp at Jefferies
- InterContinental price target lowered to 10,300 GBp from 10,400 GBp at BofA
- InterContinental price target raised to 8,500 GBp from 8,300 GBp at JPMorgan