Dixons Carphone has said it will consult with its shareholders after being hit with a stinging revolt over the pay of its leadership team.
Almost a quarter of its investors voted against the retailer’s remuneration report at its AGM yesterday, which will see boss Alex Baldock handed long-term share awards worth more than £2.3m.
Ahead of yesterday’s meeting, Institutional Shareholder Services (ISS) had called for investors to vote against Baldock’s hefty share-based incentive plan.
Some 23.5% of shareholders voted against the remuneration report.
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