Shareholders join the Pressure Groups as Banks Feel the Heat from Stakeholders

Some evidence here of increasing shareholder activism which illustrates the pressure now being placed on the Boards of some quoted firms.

The revolt by Barclays shareholders (almost one third of them voted against the proposed remuneration packages for senior management) didn’t stop the deals being approved. However, this is a good example of shareholders expressing their anger at the activities of firms whose pay packages for top directors seem to fit uncomfortably in this period of prolonged austerity.