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More than 20% of shareholders rebel on remuneration

Its hostile takeover of high profile business GKN (GKN) is shining a harsher light on corporate governance and executive pay at industrial buyout firm Melrose Industries (MRO).

Ahead of its AGM on 10 May the company had pledged to review executive pay but the £42m doled out to its four top executives for 2017 prompted a significant shareholder revolt, with more than 20%
of shareholders voting against the remuneration report.

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