Pirc hits out at SuperGroup pay

Investors in fashion brand SuperGroup should vote against the firm’s executive pay plans and its auditor, according to investor advisory group Pirc. The group is unhappy with SuperGroup’s conditions on variable pay for top staff, which Pirc argues lead to “excessive payouts even in normal conditions”. Pirc also claims that auditor PwC’s other advisory work for the company presents a potential conflict of interest. SuperGroup’s AGM takes place next Tuesday.