EU investors won a lengthy and hard-fought right in
December when officials gave shareholders a greater say on
director pay. This comes amid a rising tide of shareholders
campaigning for more power over the workings of the companies
they invest in, and it seems nowhere in the world is safe.
Authorities also want to discourage short-term investments, a
goal that's seen the introduction of additional voting rights
for long-term shareholders in certain countries including
France. They now want shareholders to take the reins on
challenging companies from the regulators.
Blackrock, the world's biggest investor, says that executive
pay should be strongly...