Aviva's Moss waives payrise as shareholders kick back over executive pay
Aviva has agreed to review its remuneration policy as the insurer attempts to avoid a shareholder revolt over executive pay.
It has been confirmed that a number of shareholders had expressed concerns about Aviva’s remuneration report for 2012 with the main concern focused on the compensation paid to joining executive directors and the overall levels of remuneration.
It is thought that the shareholder anger revolved around the financial rewards received by CEO for the UK, Trevor Matthews, who joined last year.
The former Standard Life UK boss Mr Matthews joined as UK chief executive receiving a £2.5m ‘golden hello’
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