Schroders shareholders urged to rebel over CEO’s £6m bonus

Adviser says re-election of chairman and appointment of Leonie Schroder should be blocked

The fund manager Schroders is at risk of a shareholder backlash after an influential advisory firm issued a warning about “excessive” bonuses and the appointment of a Schroder family member to its board.

Glass Lewis has recommended that at next month’s annual meeting investors vote against the company’s pay report, as well as the election of Leonie Schroder, claiming she lacks the experience needed to challenge the firm’s executive team.

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