Ryanair faces fresh shareholder rebellion over executive pay

Ryanair faces a fresh shareholder revolt at its annual meeting this month after adviser groups called on investors to vote against executive pay and the re-election of chairman David Bonderman. An influential trio of advisers — Institutional Shareholder Services, Glass Lewis and Pirc — have recommended investors vote against the carrier’s advisory pay report, flagging concerns about “poor disclosure” and bonus payments. ISS, which advises more than 1,700 of the world’s biggest investors, and Pirc also advised against the re-election of Bonderman, blaming the chairman for corporate governance failures at the carrier. The airline has frequently clashed with shareholders at its annual meetings. Last year, almost a fifth of investors revolted on pay. <br/>