The Guardian

18 May 2018

Lloyds Banking Group is facing the prospect of a shareholder rebellion after giving its chief executive, António Horta Osório, a pay packet that is nearly 100 times larger than the average worker’s at the bank.

The advisory group Institutional Shareholders Services (ISS) has recommended a vote against the bank’s remuneration report at the annual general meeting on 24 May, highlighting discrepancies between “pay and relative performance”.

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