Centrica Faces Investor Backlash Over CEO's £8.2m Compensation

Wednesday, 5 June 2024, 21:00

Centrica is in hot water with investors as 10% opposed the £8.2m package awarded to CEO Chris O'Shea in 2023, marking a significant increase from the previous year. The backlash reveals growing concerns over executive compensation practices and shareholder interests within the company. Centrica's decision could potentially impact its reputation and investor relations moving forward.

https://store.livarava.com/dac18e97-237f-11ef-a40e-9d5fa15a64d8.jpg — Centrica Faces Investor Backlash Over CEO's £8.2m Compensation

Centrica Faces Investor Backlash

Centrica is facing criticism from investors as a substantial portion opposed the hefty £8.2m compensation package awarded to CEO Chris O'Shea in 2023. This marked a significant increase from the previous year and suggests growing discontent among shareholders.

Executive Compensation Concerns

Shareholder Dissent: Approximately 10% of investors voted against the CEO's compensation package.
Near-£4m Increase: The £8.2m payout represents a substantial raise compared to 2022.

The backlash highlights ongoing debates around executive pay practices, shareholder activism, and corporate governance policies within Centrica.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.