Playtech’s agm today (Wednesday) might be a lively affair following reports that some investors — among them major stakeholders — are disturbed at the size of executive pay increases in an environment in which company growth has slowed along with a warning issued further declines in 2018.
The Financial Times and other publications reported earlier this week which worries centre on CEO Mor Weizer’s 78 percent annual growth to almost GBP 4.2 million with proxy advisors Institutional Shareholder Services leading to calls for explanations from company chairman Alan Jackson along with his board committee on remuneration.
The worried shareholders have claimed that the amount of bonuses awarded this year isn’t justified by Playtech’s performance, and have expressed concerns regarding corporate governance.
Shareholder revolts over executive pay have become something of a fad in UK public firms in recent decades.
