21 September 2012 12:24
The owner of the Superdry clothing label has come under fire over its director's bonus deals as 17% of investors failed to back its pay plans.
SuperGroup investors showed their anger at recent "golden hellos" handed out to new directors, with more than 11.5 million votes made either against the pay report or withheld at the firm's annual shareholder meeting in Cheltenham.
A fifth of investors also failed to back the re-election of founder and chief executive Julian Dunkerton amid criticism over share bonuses earmarked for new chief operating officer Susanne Given and recently appointed chief financial officer Shaun Wills.
But despite the shareholder protest, SuperGroup's pay plans and director re-elections were passed as they received the majority of votes needed.
Ms Given - who was hired in April from John Lewis, where she was director of fashion and beauty - has been given a package including a £350,000 base salary, as well as a guaranteed share award of 300% of salary, or £1.1 million, as a so-called 'golden hello.' She was hired as part of revival efforts after three profit warnings at SuperGroup.