For some UK investors, the campaign against corporate rewards for failure seems never ending. Now, one of the most well-known investors in big UK companies is on the warpath against big handouts when contracts are terminated, and you’d be forgiven for feeling a certain sense of déjà vu.

Cast your mind back more than a decade, when some of the big institutions fought a long, hard battle to force companies to scrap two-year contracts for board directors. The idea was to stop directors whose contracts were terminated getting such big "golden goodbyes".