Shareholders protest at Aveva pay deal

The shareholder spring returned on Thursday when 35% of shareholders voted against the remuneration report at the engineering data and design company Aveva. The protest is the latest in a series of investor revolts at pay deals and comes as six pay policies were voted down this year – the most since the "say on pay" was introduced 10 years ago. The company is part of the FTSE 250 and was founded by the government and Cambridge University in the 1960s before being privatised by Margaret Thatcher's government. Earlier this year it threatened to relocate in protest at UK employment laws.