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Henderson revamps CEO pay after shareholder dissent

UK fund manager reins in potential future bonuses for Andrew Formica and its CFO and broadens link to performance after a big investor protest vote last year

Henderson revamps CEO pay after shareholder dissent

Henderson Group is to cut potential future bonus payouts for its chief executive and chief financial officers and link their incentive awards to a wider set of performance measures.

Last year's annual meeting on May 1 saw an advisory vote on Henderson's remuneration report for directors, including chief executive Andrew Formica and chief financial officer Roger Thompson, approved by more than 50% of shareholders, although votes against the pay report or abstentions made up a combined 28.99%.

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