WPP 's ( WPP ) former CEO Martin Sorrell's pay arrangements are opposed by more than a quarter of the advertising and public relations firm's shareholders, according to a report from Sky News.
The investors have cast their votes against the pay report to be discussed at Wednesday's annual general meeting, the report said.
Up to 20% of shareholders also oppose the re-election of WPP chairman Roberto Quarta to the board, the report said.
Sorrell quit WPP after the board opened an investigation into an allegation of personal misconduct which Sorrell has denied.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.