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They are also uncomfortable with Mr Myners's campaign to oblige fund managers to be active shareholders.
In America, a handful of public-sector pension funds, such as CalPERS, have been active shareholders for years.
Crucially, it's a mutual: owned by its supporters, who can pay a minimum of £5 a season to become active shareholders.
"In spite of the occasional flurry from more active shareholders, boards continue to award ever larger amounts of pay to their most senior executives".
"Lasting reform depends on active shareholders and responsible businesses accepting the need for change and pushing the agenda forward," he said.
Both claim to be active shareholders that want to work with management teams to get the best performance from their investments.
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It requires active shareholder engagement.
"This debate shows we've taken a great step forward in building an active shareholder culture".
But for every active shareholder who votes for change, thousands of passive ones remain disengaged.
He now has a business worth several million pounds and I am a minority, but active, shareholder".
Separately, eBay also announced that it had entered into a standstill agreement with Carl Icahn, currently eBay's largest active shareholder.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com