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Metro Bank risks backlash as investor advisers warn over scheme that could hand CEO £60m

ISS and Glass Lewis concerned new long-term bonus could reward bosses regardless of performanceMetro Bank is at risk of a shareholder backlash, after two influential shareholder advisers warned over a complex bonus scheme that could hand chief executive Daniel Frumkin a £60m windfall.ISS and Glass Lewis – both prominent proxy advisory services that suggest how shareholders should vote on company policies at annual meetings – are concerned that the new long-term bonus will be linked to the bank’s share price, which may climb regardless of how well bosses run the lender. Continue reading...

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