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Aviva shareholders inflict rare defeat over pay

Insurer is only the fourth FTSE-100 company ever to lose a shareholder vote over a remuneration report

Aviva, the UK insurance company, lost the pay vote at its annual general meeting yesterday – making it only the fourth FTSE-100 company ever to suffer such a large and public rebuke from shareholders.

Of those shareholders who voted, 54% cast ballots against Aviva's remuneration report, according to Dow Jones Newswires. Including those who abstained, 50% voted against the report, 41% were for it and 9% abstained.

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