Royal & SunAlliance (R&SA) shareholders have demanded the group's non-executives be dumped, after criticising the leadership of the company.
Shareholders at R&SA's annual general meeting took the opportunity to vent their anger at directors over the fall in the value of their investments.
At a reportedly confrontational general meeting, 35% of proxy votes opposed or abstained from supporting R&SA chiefs' new remuneration packages. There was particular outrage at the £2.5m pay-off for R&SA's former chief executive, Bob Mendelsohn.
One shareholder, Geoffrey Lloyd, told the Independent: "What shareholders are increasingly concerned about are the enormous amounts of money which are paid to people who quite manifestly do not deserve it. Remuneration levels today are bordering on the outrageous."
