FBD avoids investor backlash over executive pay levels

Directors' remuneration policy was unanimously approved at its AGM, including a 10% salary increase for finance director John O’Grady

Insurer FBD told investors it was confident about its trading outlook.

Insurer FBD has avoided an investor revolt over executive pay levels, with its directors' remuneration policy being unanimously approved at its AGM.

Shareholder advisory firm Glass Lewis last week recommended investors vote against FBD’s remuneration report, and was particularly critical of a 10% salary increase for finance director John O’Grady.