Truworths gets another thumbs down on remuneration vote

Top executives fail to win shareholder approval at AGM for their pay packages

The pay of top executives at Truworths failed to get shareholder approval at its annual general meeting , highlighting a growing trend of investors expressing unhappiness with executive pay levels in a system that has no consequences for the committees that decide on bonuses.

Shareholders at AGMs of listed companies must vote to express approval or dissatisfaction with the companies’ remuneration of their top staff, but these votes are non-binding...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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