FTSE 100 pay revolts double as race with US rivals heats up

Pay revolts more than double at FTSE100 AGMs in first half of 2025

New research by leading governance firm Indigo: Independent Governance (Indigo) into shareholder voting at FTSE100 annual general meetings (AGMs) reveals a marked increase in shareholder rebellions* in the first half of 2025 compared to the same period last year, as Board scrutiny on pay and shareholder engagement continues to intensify. The overall increase in shareholder rebellions – up from five to eleven – was led by a sharp rise in oppositi…

FTSE 100 pay revolts double as race with US rivals heats up

Shareholder rebellions against FTSE 100 executives’ bumper paydays more than doubled in the first half of 2025 as companies boosted pay in a battle to compete with US giants. Pay revolts were up 120 per cent in the first six months of the year as the likes of Melrose, British Gas-owner Centrica and Univelever faced backlash. Centrica boss Chris O’Shea admitted in January there was “no point” in trying to justify his £4.3m pay packet.  Almost 40 …