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Legislation to force more transparency and simplicity in company's pay reports?
Several FTSE 100 firms' pay reports were voted down and, for a while, companies reined in their wilder ambitions.
The pay reports are the first from securities firms for 1999, which was the most profitable ever on Wall Street.
Other companies where pay reports have been voted down include Cairn Energy, car dealer Pendragon and insurer Aviva.
Some resent the time it takes to plough through pay reports in order to have an informed vote on policy.
Mr. Ciesielski says he believes that shareholders need more context when it comes to pay practices — and that rule makers should improve pay reports.
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Last year, only 4.6% or shareholders voted against the pay report.
Gender pay reporting by itself will not change those imbalances.
But fewer than 13% of shareholders voted against the pay report at Tuesday's AGM.
An American shareholder adviser, Glass Lewis, has also urged investors to vote against accepting the pay report.
Cebr's Corfe compiles a monthly take-home pay report for the salary processing company VocaLink.
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