Almost half of UBM shareholders refuse to back director pay

A third of UBM shareholders have voted against plans for executive pay at the firm, making it the latest in a growing list of big firms to suffer backlashes against their remuneration reports.

A third of UBM shareholders have voted against plans for executive pay at the firm, making it the latest in a growing list of big firms to suffer backlashes against their remuneration reports.

At the global media company's annual general meeting 36% of shareholders, representing 55.5m shares, voted against the pay deal.

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