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Ted Baker Shareholders Revolt Against Executive Bonus Proposal

July 28, 2022, 3:09 PM

Ted Baker Plc has been hit by investor opposition to its executive pay plans, the latest in a series of shareholder revolts at British companies.

About 31% of investors voted against the fashion retailer’s remuneration report, according to a statement Thursday. The policy seeks to pay Chief Executive Officer Rachel Osborne and Chief Financial Officer Marc Dench bonuses reaching as much as 150% of base salary, increasing to as much as 200% “in exceptional circumstances.”

The board said it was disappointed with the high protest vote and will work with investors in the coming months to better understand the reasons ...