Search

Aviva boss bows to shareholder pressure and waives pay rise

11:03 30 April 2012

Aviva chief executive Andrew Moss has stepped down.

Aviva chief executive Andrew Moss has stepped down.

© 2009 Bloomberg Finance LP

The boss of insurer Aviva bowed to shareholder pressure today and waived a near-5pc pay rise which would have taken his annual salary over the £1m mark.

Chief executive Andrew Moss was awarded a 4.6pc rise in March on his £960,000 annual salary but has decided not to accept the increase following talks with major investors.

The decision, which was accepted by the board, comes after investor group Pensions Investment Research Consultants (Pirc) called on shareholders to vote against Aviva’s executive pay report at its annual meeting on Thursday.

Banking giant Barclays was stung by its shareholders on Friday after nearly a third of their votes failed to back the bank’s bumper pay awards.

0 comments

Other news

19:31
Norfolk Fire and Rescue Service

Firefighters are currently dealing with a straw stack blaze near Diss.

Police are investigating an arson at a farm in Winfarthing which has caused more than one millions pounds worth of damage.

Yesterday, 21:00
The East Anglian Air Ambulance. Anglia One helicopter

A woman was taken to hospital after she collapsed in a Norfolk village.

Yesterday, 15:17
Dr Wendy Thomson, managing director of Norfolk County Council. Picture by SIMON FINLAY.

Councillors have given their strongest indication yet that they are not prepared to increase council tax in Norfolk after throwing out a suggestion that bills should rise by 1.99pc next year.

Most read

Yesterday, 21:00
The East Anglian Air Ambulance. Anglia One helicopter

A woman was taken to hospital after she collapsed in a Norfolk village.

Read more

Police are investigating an arson at a farm in Winfarthing which has caused more than one millions pounds worth of damage.

Read more
19:31
Norfolk Fire and Rescue Service

Firefighters are currently dealing with a straw stack blaze near Diss.

Read more
Saturday, October 18, 2014
The High Output Ballast Cleaner. Picture: Network Rail

Commuters and rail users could be in for months of mayhem when an 800-metre-long monster cleaning machine engulfs the region’s tracks.

Read more
Wednesday, October 15, 2014

A new solar farm to provide power for 4,242 homes has been approved despite concerns over the impact of the plan on the countryside and the loss of agricultural land.

Read more

Local Weather

Partly Cloudy

Partly Cloudy

max temp: 11°C

min temp: 7°C

Digital Edition

Image
Read the Diss Mercury e-edition today E-edition