The owner of the Premier Inn hotel chain is braced for another bruising encounter with shareholders at its AGM this month amid a row over bonus payments, Sky News learns
People close to Whitbread said the restoration of its dividend during the financial year, the limited period in which it had taken government support and the use of forfeited executive bonuses to establish a hardship fund for other members of its workforce all mitigated against investor unrest.
Glass Lewis is recommending that investors deliver a binding vote in favour of Whitbread's remuneration policy, citing"no material concerns". It would also highlight ongoing tensions between blue-chip boards and investors at a time when the ratio of top pay to that of companies' average workers is under renewed scrutiny.Premier Inn owner reports Omicron hit to bookings and says it will put up room rates as costs surge
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