Shareholders in the U.K. building materials company SIG voted to reject its remuneration report on Friday, making it one of only a handful of U.K. companies to fall victim to a revolt over pay.
SIG incurred shareholder wrath after it increased the base salary of chief executive Chris Davies by 14.6 percent in a year of falling profits. His pay was up from £465,000 to £532,875 ($671,825 to $769,890).
