Metro Bank investors urged to reject executive pay report
Metro Bank investors are being urged to reject the bank's executive pay report due to concerns over a complex bonus scheme. The scheme, which could yield a £60m payout for CEO Dan Frumkin, is criticized for being misaligned with market standards. Additionally, there are worries about insufficient disclosure regarding how bonuses are measured for non-financial targets.
- ▪Institutional Shareholder Services has recommended that Metro Bank investors vote against the pay report.
- ▪The bonus scheme, known as the shareholder value alignment plan, links executive payouts to the bank's share price.
- ▪Frumkin's fixed pay will increase by 11.3% in 2026, raising concerns about the appropriateness of his compensation.
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The report also raised concerns about ‘insufficient disclosure’ of how Metro measured and doled out bonuses for non-financial targets. Photograph: Bax Walker/AlamyView image in fullscreenThe report also raised concerns about ‘insufficient disclosure’ of how Metro measured and doled out bonuses for non-financial targets. Photograph: Bax Walker/AlamyMetro BankMetro Bank investors urged to reject executive pay report Bonus scheme that could hand CEO a £60m windfall is ‘significantly out of line’ with market, says proxy adviserKalyeena Makortoff Banking correspondentMon 25 May 2026 05.46 EDTLast modified on Mon 25 May 2026 05.51 EDTSharePrefer the Guardian on GoogleInvestors in Metro Bank are being urged to vote against the lender’s pay report next month, in protest of a complex bonus scheme…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Guardian — UK.
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