A new chapter due to conclude at Pearson’s upcoming EGM

A new chapter due to conclude at Pearson’s upcoming EGM

Publishing company Pearson plc’s board is holding an EGM on Friday 18 September, to vote on its prospective CEO appointment of former Disney executive, Andy Bird. The appointment is contingent on a pay package worth £7.4m.

Whilst the remuneration policy received 95.12% of the votes in favour at this year’s AGM in April, the board’s proposition to permit the grant of a co-investment share award to Bird requires additional approval, triggering an EGM in line with section 226B(1)(b) of the Companies Act 2006, which will amend the director’s remuneration policy if approved.

Since the announcement, there has been significant investor revolt, portraying the pay package as a form of ‘blackmail.’ Bird joined the FTSE

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