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TP ICAP shareholders urged to oppose CEO’s pay package

Potential £2m boost to Nicolas Breteau’s pay comes under fire from proxy adviser ISS

The London-based inter-dealer broker is seeking to raise its CEO’s maximum pay UPavlo Gonchar/SOPA Images/LightRocket via Getty Images
The London-based inter-dealer broker is seeking to raise its CEO’s maximum pay UPavlo Gonchar/SOPA Images/LightRocket via Getty Images

TP ICAP shareholders have been urged to vote against a planned £2m boost to its chief executive’s maximum pay.

Proxy adviser Institutional Shareholder Services has recommended TP ICAP shareholders vote against its remuneration policy at the FTSE 250 broker’s annual meeting on 14 May.

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