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Asos investors set to rebel over pay policy ‘concerns’

December 28, 2022

Via: Charged
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Asos investors are set to rebel early next year over pay policy “concerns” and the pay of executive bosses.

According to reporting by the Daily Mail, the meeting taking place on 11 January is likely to see investors rejecting or abstaining on over a third of the 15 motions, as recommended by shareholder advisory service Pirc.

In a report, Pirc said that the online retailers payouts had “raised concern”, with chief executive Jose Ramos’ pay of a potential £4.2m claimed to be “excessive” by an advisor.

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