Europe: ‘Say on Pay’

Author: | Published: 23 Feb 2017

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...