Nearly half of Smith & Nephew investors revolt against CEO pay rise

Medical device manufacturer’s policy ultimately passed, putting maximum payout for Deepak Nath at $11.8mNils Pratley: The boardroom pay game has changed for everSmith & Nephew had a shareholder revolt on Wednesday when nearly half of voting investors rejected the medical device manufacturer’s plans to raise its chief executive’s pay packet to $11.8m (£9.5m).But the company’s pay policy, which will increase the maximum payout for Deepak Nath – who is based