A fifth of shareholders vote against exec pay in 2009
A fifth of FTSE businesses faced strong shareholder revolt over executives' remuneration.
PwC's report into executive remuneration found that for one in five FTSE 100 companies, more than 20% of shareholders withheld support for their directors' remuneration packages.
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"Although the focus of remuneration reform has so far been on the banking sector, we are already seeing spill-over to other sectors. In particular, the requirements to strengthen governance around pay and make proper allowance for risk in measuring performance will touch all companies," said PwC reward partner Tom Gosling.
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