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.
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