(Reuters) - More than a quarter of investors at WPP
Most of the advertising giant's shareholders vote ahead of time, so the company knows the results in advance, although they are not announced until the day. A spokesman for WPP could not be reached for comment.
He said some investors were unhappy about remuneration arrangements that Sorrell will continue to enjoy after he has left.
Sorrell quit WPP after the board opened an investigation into an allegation of personal misconduct.
The company has not given any details and Sorrell has denied any wrongdoing. He told staff he had stepped down because the disruption of the investigation was putting too much pressure on the business.
(Reporting by Elisabeth O'Leary; Editing by Kevin Liffey)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)