The chief executive of Entertainment One could face shareholder revolt for the second year in a row.
City advisory firms Glass Lewis and ISS have recommended investors to vote against the group’s remuneration report.
Last year, 47.4 percent of shareholders opposed CEO Darren Throop’s pay package, which grew from £1.68 million to £1.86 million for the year to 31 March.
Throop’s salary increased to £866,000 from £823,000 and his annual bonus more than doubled to £802,000.
The chief executive’s salary is expected to increase to £950,000 in 2019 and by a further seven percent the year after.
Glass Lewis said they were concerned about the “successive significant salary increases” to Throop.
Entertainment One was included in the “name and shame” list of companies that Theresa May said were rewarding bosses with “fat cat pay”.
Other companies included on the list were Burberry, Sky and Sports Direct, who are seen to represent the “unacceptable face of capitalism”.
Greg Clark, the business secretary, said: “It is right that we review and refresh our standards to ensure we continue to have the highest reputation,” he said. “This world-first public register, does exactly that, shining a spotlight on how companies respond to shareholders’ concerns over important decisions, including executive pay packages.”
“This will help to strengthen transparency and corporate accountability and build on our reputation as a world-leading business environment – a key foundation of our industrial strategy.”
The group, who is responsible for The Hunger Games and Peppa Pig, defended Throop’s pay and said that the chief executive had seen revenues increase by 32 percent, with profit before tax also growing by 76 percent and the dividend had going up 27 percent since 2015.
Shares in Entertainment One (LON: ETO) are trading up 0,054 percent at 372,40 (1101GMT)
