Fidelity Worldwide Investment has sent guidance to 400 of the companies that it invests in giving guidance on executive remuneration issues. In particular, Fidelity is looking for long-term incentives to vest after 5 years rather than the 3 year timescale that has been more common to date and may vote against pay policies that don’t comply.
Opinions on this one seem to differ. Robert Peston at the BBC reports that Fidelity are pushing at an open door, while the Financial Times reports more resistance to the concept.
