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The owners of companies have become increasingly concerned about what they see as excessive pay increases for directors, that are not justified by the performance of companies - and there has been a rise in the number of protest votes against remuneration practices at companies' annual meetings.
BBC: The myth of a shareholder spring
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That said, the 60% vote against the remuneration report of WPP, the media giant, is significant.
BBC: The price of Sir Martin Sorrell��s ?6.8m
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There was more evidence of growing shareholder activism at European companies when investors representing 59% of the shares in Royal Dutch Shell voted against its remuneration report.
ECONOMIST: Business this week