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Wednesday, June 7, 2017

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Board of world’s largest advertising group faces questions at AGM over who will take over if founder steps down

More than a fifth of WPP investors have voted against Sir Martin Sorrell’s £48m pay package, as the chief executive and his board faced a barrage of questions at the annual meeting over who will take over as head of the world’s largest advertising group.

A total of 21.3% of shareholders either voted against his pay or abstained, the lowest level of unrest over Sorrell’s pay since 2010; 20.79% voted against and about 0.5% abstained.

Related: WPP needs a big name to follow Sir Martin Sorrell

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