Remuneration and Banks. Large Investors Reject Managers
AQTION was recently featured in Il Sole 24 Ore in an article by Vitaliano D’Angerio titled "Remuneration and Banks. Large Investors Reject Managers". 21 May 2025
The article covers AQTION’s second edition of the “Stewardship in AQTION” report, which analyses stewardship practices of 65 of the world’s largest institutional investors, collectively managing over $91 trillion in assets.
The article focuses on how leading investors, including Allianz GI, Columbia Threadneedle, and Legal & General IM, voted on executive pay packages at several major banks, including Goldman Sachs, UBS, Bank of America, and UniCredit. Investors cited excessive pay, weak links to performance, and misaligned incentives as key reasons for opposing management proposals.
AQTION’s research shows growing scrutiny of executive pay practices. As asset managers become more vocal on such topics, boards are under increased pressure to ensure pay outcomes reflect long-term value creation and shareholder interests.
The full article can be accessed using this link.
