Bovis investors OK Galliford Try deal but revolt over bosses' pay

By Hamish Champ2019-12-03T10:03:00

Investors voice anger over pay packages but Galliford Try housing deal sails through

Bovis shareholders today narrowly approved the housebuilder’s plans to pay its top executives huge bonuses, having backed the firm’s £1.1bn bid to buy Galliford Try’s Linden Homes and Partnerships businesses.

At Bovis’ annual general meeting today a resolution to approve directors’ pay was passed by 65% of the 113 million votes cast, while investors rubber-stamped the Galliford Try deal with 96% of the votes.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community