(Alliance News) - Premier Inn owner Whitbread PLC faces a backlash from shareholders over its executive bonus plans, Sky News reported on Friday.
Sky News said Institutional Voting Information Service, or IVIS, a provider of corporate governance research, has taken issue with Whitbread's remuneration report ahead of the hotel company's annual general meeting next week Thursday.
The vote, an advisory and not a binding one. Sky News noted the backlash is centred on the company's rewards for its Chief Executive Alison Brittain and other senior colleagues.
https://news.sky.com/story/whitbread-in-firing-line-over-executive-pay-packages-during-pandemic-12330240
Whitbread shares closed 1.0% higher at 3,315.00 pence each in London on Friday.
By Eric Cunha; ericcunha@alliancenews.com
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Whitbread (WTB)