Allianz SE won shareholder approval for its new policy on management-board pay, avoiding the sort of investor backlash seen at some European firms in recent years. The German insurer proposed increasing the importance of fixed salary and long-term incentives in …
Insurer Legal & General Group Plc plans to disclose how much more its chief executive earns than rank-and-file employees, becoming one of the first big U.K. companies to respond to growing concern about wage inequality with greater openness about pay. …
Otto Thoresen, the Director General of the Association of British Insurers, issued a positive comment on the announced plan by UK Business Secretary Dr. Vince Cable to regulate payments to company executives. The proposed measures include giving shareholders binding votes …
Company directors will remain under pressure from shareholders over executive pay long after the market downturn ends and lawmakers stop the heckling that has helped prompt votes against remuneration policies at this year’s annual meetings. Investors and directors say the …
Days after being rebuked by shareholders, Citigroup Inc. Chief Executive Vikram Pandit and the bank’s directors have been sued by a shareholder accusing them of awarding outsized pay to top executives. The complaint, filed Thursday in Manhattan federal court, said …
