Why companies should give their investors a say on climate as well as bosses pay

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The Local Authority Pension Fund Forum (LAPFF) is backing an initiative aimed at forcing companies to submit climate action plans led by TCI, one of the market’s feistiest hedge funds. Others should join them, argues James Moore

is an ongoing bugbear that deserves all the attention it gets. There is no evidence that bloated awards enhance either corporate or economic performance, rather they waste shareholders money and are frequently antithetical to their long-term interests. That’s particularly true when packages are badly put together and incentivise the wrong sort of executive behaviour.

 

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