We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,259 News Articles

Misys facing executive pay revolt

Shareholder groups questiohn potential 900% bonus for CEO

Banking IT systems provider Misys is facing a potential shareholder revolt over executive pay, it has been reported.

Last month's AGM saw 37 percent of votes being cast against the proposed Misys executive pay plan, the Independent newspaper reported. The votes against the plan were supported by shareholder activist group Pirc.

Last year less than two percent of Misys shareholders were against the executive remuneration package.

Pirc told the Independent that this year's package was "wholly excessive". It said Misys CEO Mike Lawrie could receive a 900 percent of salary bonus in the coming year.


IDG UK Sites

Black Friday 2014 tech deals UK Live: Best Black Friday deals from Apple, Amazon, Argos, eBay,...

IDG UK Sites

Black Friday feeding frenzy infects the UK

IDG UK Sites

VAT MOSS: Will I be affected by the EU VAT changes? Here are the facts for designers and artists

IDG UK Sites

Black Friday 2014 UK: Apple deals, Amazon deals & Black Friday tech offers