Asset managers have defended their votes to curb excessive executive pay, arguing they are not to blame for the exodus of UK talent to the US after recent criticism from London Stock Exchange boss Julia Hoggett.
In a 3 May post on the LSE website, Hoggett blamed big investors for a UK skills drain, saying UK-listed companies’ desire to attract and retain top executives is being “hampered” by proxy advisers and asset managers who advise and vote against executive pay policies.
