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In addition, irrational pay plans have societal impacts.
Mr. Boyd says companies are making an effort to explain their pay plans.
No surprise, he also recommended that they vote "yes" on the financial giant's executive pay plans.
In response, the government promised to delay implementing its pay plans.
"Investors are just now beginning to vote against companies' pay plans," she said.
Since 2013 shareholders have had the power to reject company pay plans.
Pay plans for bankers have been disclosed in recent corporate statements.
It was the first time shareholders voted down a company's pay plans.
He also sits on the remuneration committee which sets the pay plans.
Glenn Campbell (@GlennBBC) FM Salmond criticises IPSA pay plans as "ludicrous".
The firm analyzed changes these companies made to their pay plans that take effect this year.
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