An influential shareholder advisory firm has urged investors to vote against Countrywide’s new incentive scheme, blasting it as “unnecessarily convoluted”.
The Institutional Shareholder Services (ISS) issued the recommendation ahead of the estate agency group’s annual general meeting on Aug 28, at which it is seeking shareholder approval to replace its long-term incentive plan (LTIP) with its “Absolute Growth Plan” for the next three years.
It claims this will help support the implementation of its turnaround scheme.
