Retailer braced for boardroom clash


Tue, 2010-07-13


Marks & Spencer will brace itself for a fresh clash with investors over boardroom pay on Wednesday as a succession of blue-chip firms prepare for stormy annual meetings on the issue this week.

The £15 million package for new boss Marc Bolland has raised the ire of pension advisory group PIRC, which has recommended a vote against its remuneration report on Wednesday.

Fashion group Burberry, property firm British Land and supermarket Sainsbury's are also in the firing line as patience with soaring executive pay frays.