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

High executive pay protest web tool launched

Allows a letter to be automatically sent to pension funds, requesting they take action against excessive director salaries

People angered by excessively high directors' pay are being offered a web tool that allows them to pressure pension funds, ISAs and other funds they have invested in to do something about it.

A large number of people are in funds which in turn invest in many large, listed companies to get a return on those investments. Campaigners have argued that those pension funds and investment vehicles that have significant stakes in companies have not done enough in the past to protest at directors' excessively high pay.

A new protest tool has been launched in the wake of 32 percent of Barclays shareholders choosing not to back their board over its directors' remuneration packages at the bank's recent shareholders meeting.

The tool, provided by the FairPensions campaign group and backed by the High Pay Centre think tank, emails funds a letter asking them to vote against high pay and bonuses.

The web tool is described as a "unique way to influence pay practices at the top".


IDG UK Sites

Nokia branding killed in place of 'Microsoft Lumia': Windows Phone moves into new era

IDG UK Sites

Why you shouldn't buy the iPad mini 3: No wonder Apple gave it 10 seconds of stage time

IDG UK Sites

Halloween Photoshop tutorials: 13 masterclasses for horrifying art, designs and type

IDG UK Sites

Should you update your iPhone or iPad to iOS 8? iOS 8.1 brings back Camera Roll, adds Apple Pay in...