Sixty of the London Stock Exchange's top 100 companies are failing to follow best practice advice over the control and monitoring of directors' pay, says the Co-operative Insurance Society (CIS).
The insurer examined its £26bn investment portfolio and found 60% of FTSE companies had remuneration committees that contained directors who were not independent by the standards set by the Association of British Insurers (ABI).
Chris Hirst, CIS chief investment manager, said executive pay and bonuses were the single biggest cause of CIS refusing to support company resolutions – which it did on 13 occasions in 2000.
He added: “Uncontrolled, excessive pay can seriously damage a company's reputation as well as diverting wealth from investors.”
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
