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Institutional investors pushing back more on top executive pay hikes

Rejection of resolutions on remunerations rises; investors becoming more discerning, say experts

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Sachin P Mampatta Mumbai
Investors are pushing back more often against companies’ resolutions on what is paid out to top executives.

In the first four months of financial year 2022-23 (FY23), there have already been five such rejections, according to shareholder voting data from tracker Adrian, a platform maintained by the proxy advisory firm Institutional Investor Advisory Services India (IiAS).

Two of these have been at multiplex chain PVR and direct-to-home company Dish TV India. The Chennai-based Equitas Small Finance Bank also saw a rejected resolution which the company later clarified was on account of an error during the voting process. One

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First Published: Jul 27 2022 | 2:46 PM IST

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