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Aviva Pay Revolt
Aviva's announcement of the votes cast by investors in advance of their AGM makes defeat on their remuneration report very likely.
ShareAction's Director of Engagement, Louise Rouse, said:
"Given that there have been only 18 votes against remuneration reports since 2002, the defeat of Aviva's remuneration report is hugely significant. This shows that investors are waking up to the problem of high pay. But defeats of this sort, as exposed by last week's result at Barclays, remain all too rare. This result reinforces the need for the shareholder vote on pay to be binding but there is still a long way to go if shareholders are to be an effective force in holding companies to account."
Press can contact Matthew Butcher on 0207 403 7806 or 07745706480