Tag Archives: Pirc’

Addressing executive remuneration at Paddy Power Betfair (PPB) first ever AGM, Chairman Gary McGann stated that the company had implemented a ‘fair, transparent and balanced’ policy. McGann noted concerns on the matter, following 32% of shareholders voting against PPB’s executive pay report at the meeting. PPB’s Chairman stated that the divide stemmed from a change in the new group’s long …

Paddy Power Betfair (PPB) is the latest FTSE-listed company to face a potential shareholder dispute concerning executive pay and compensation. Issuing a public statement, shareholder advisory group Pensions & Investment Research Consultants (PIRC) has called for PPB shareholders to reject the pay package of former Paddy Power CEO Andy McCue. Ahead of PPB’s annual general meeting, PIRC has stated that …

Shareholder and corporate governance adviser PIRC has recommended that Betfair investor’s reject CEO Breon Corcoran’s £11.5 million reward package at next week’s annual general meeting (AGM). PIRC has recommended its actions by stating that Betfair’s improved financial performance under Corcoran leadership, has not been met with appropriate compensation/dividends for its investors. The advisory group continues to detail that Betfair financial …

Following its annual general meeting, nearly a third of Betfair shareholders voted against rewarding the operators executive management. The clash over executive pay comes in the week that Shareholder and corporate governance adviser Pirc had recommended that Betfair investor’s reject the operator’s interim report and accounts at the general meeting, due to the operator’s dividend misconduct over the past three …

Shareholder and corporate governance adviser Pirc has recommended that Betfair investor’s reject the operators interim report and accounts at the upcoming general meeting (Thursday 4 September). Pirc management recommended these actions after The Local Authority Pension Fund Forum (LAPFF) had called for a review of Betfair auditing and corporate governance, following several breaches of dividend misconduct over the past three …