WPP shareholder Guy Jubb set to confront advertiser over boardroom pay practices as Martin Sorrell pockets £43m

Kasmira Jefford
Follow Kasmira
Sir Martin Sorrell may face a similar-sized revolt as 2013, when a third rejected a £30m pay deal
One of WPP’s top shareholders is set to confront the advertising giant at its annual general meeting this week over chief executive Sir Martin Sorrell’s £43m pay package.

Standard Life’s head of governance and stewardship Guy Jubb is understood to be travelling from Edinburgh to WPP’s meeting in London tomorrow to address outgoing chairman Phil Lader in person over its pay practices.

The concerns come after a 43 per cent jump in Sorrell’s rewards last year, which the company argues was mostly performance-based.

Shareholder group Glass Lewis advised investors to vote against the remuneration report while another adviser ISS – though in favour of the report – criticised the amount he receives as “exceptionally high”.

Related articles