Aviva has become the latest target for criticism over executive pay, with some shareholders voicing concerns about the way its remuneration committee awards compensation to newly-recruited executive directors. And, while this year's proposed levels of remuneration will stand, the remuneration committee says it will review how it would "compensate future joining executives for the loss of entitlement from their previous role".
Chief executive Andrew Moss has also waived this year's salary increase, but shareholders are still disgruntled over the weak share price performance, and are now looking ahead to the end of June when Aviva's new chairman, John McFarlane, former chief executive of Australia and New Zealand Banking takes up his position.
