Investors are rattling more US companies over executive pay, attacking bonuses and other changes to remuneration while shying away from supporting highly politicised environmental and social measures.
Dozens of US-listed companies that proposed to change their pay plans struggled to win support from shareholders this year, according to research from Glass Lewis, a proxy adviser.
These included 17 where pay proposals failed to receive a majority vote, more than doubling from seven in 2022 and the highest in at least five years. Companies that received less than 75 per cent support for bonus plans jumped to 159 this year from 112 in 2022, Glass Lewis said.
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