Tesco shareholders urged to vote against pay awards

AN investor body has urged shareholders to vote against executive pay awards at Tesco's annual general meeting on Friday, writes Greig Cameron.

PIRC warned there was the potential for combined remuneration, including historic share awards which vested and were exercised, to exceed 300% of executives' salaries.

It also said the rewards could be "wholly excessive going forward due to both the size of maximum awards available and the number of incentive schemes in which awards remain outstanding".

Please enable cookies in your browser to display the rest of this article.