Base salary 25% higher than predecessor
04 April 2024
•
2 min read
Proxy advisory services provider Glass Lewis has urged abrdn shareholders to vote against the company’s remuneration report, due to the salary awarded to recently appointed chief financial officer Jason Windsor.
The company noted Windsor has been hired with a base salary of £675,000 as CFO.
Glass Lewis’ rebuttal stems from the fact that Windsor’s base rate is just over 25% higher than that of former CFO Stephanie Bruce, who left in May 2023, in addition to a bonus award for leaving his former employer, Persimmon.
A spokesperson for abrdn said: “Jason provides significant experience as a CFO who has spent several years working in large public companies. His appointment followed a rigorous process, including a detailed assessment of compensation that was based on a range of factors.
“He is a…
To continue reading this article…
Join Investment Week for free
Signup and gain exclusive members-only insights – all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes