1. Allianz Wins Shareholder Backing for Changes to Executive Pay

    Allianz Wins Shareholder Backing for Changes to Executive Pay

    (Bloomberg) -- Allianz SE won shareholder approval for its new policy on management-board pay, avoiding the sort of investor backlash seen at some European firms in recent years. The German insurer proposed increasing the importance of fixed salary and long-term incentives in its first changes to remuneration policy since 2010. The plan passed easily at the firm’s annual general meeting on Wednesday with 92% of the votes cast...

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