Aviva CEO Wilson Reduces Share Bonus After Voting Agency Concern
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Aviva Plc’s Chief Executive Officer Mark Wilson and the chief financial officer lowered their long-term bonuses after Institutional Shareholder Services Inc. was said to have raised concerns over 2015 compensation.
Wilson’s long-term incentive plan reverted back to 2014 levels of 300 percent of his salary from a proposed 350 percent, Aviva said in a statement on Friday. That means the CEO could earn as much as 2.94 million pounds ($4.3 million) in stock, down from an original 3.4 million pounds.