Tour operator TUI under fire over pay rate

Tour operator TUI’s executive compensation has come under attack by a shareholder advisory group as UK investors target excessive pay packages.

TUI’s corporate governance arrangements “fall short of UK investor expectations,” said Institutional Shareholder Services (ISS) in a report to shareholders ahead of the TUI’s annual general meeting to be held later today.

While it’s based in Hanover, Germany, TUI is a member of the premium segment of the main market of the London Stock Exchange and about 30% of the company’s shareholders are from Britain. In Ireland, the group owns the likes of Falcon Holidays, TravelMood, and American Holidays.