FTSE 250 2022 AGM season update

Although not a major policy renewal year – only 26% of companies have proposed new remuneration policies so far – the report examines pay developments in the context of rapidly rising inflation and companies reviewing the implementation of their pay structures in the post-COVID environment.

We are now well into the 2022 AGM season and 96% of our sample of companies have already held their AGMs. Median levels of support for remuneration resolutions have remained high, and we have seen a reduction in the number of companies receiving a “for” vote below 80%.

Most of the low votes have been due to shareholder challenge on areas such as increases in quantum, both fixed and variable pay, and concerns around pay-for-performance.

You can access the FTSE 250 2022 AGM season update by downloading the PDF below.