UK banks expected to win shareholder approval for big pay rises for bosses

Proxy advisory firms back plans for hikes in maximum payouts 18 months after removal of banker bonus capUK banks are expected to win approval for massive pay increases in the coming weeks after convincing influential shareholder advisers that hiking maximum payouts for chief executives by more than 40% would give them a competitive edge.ISS and Glass Lewis, two prominent proxy advisory services that suggest how shareholders should vote on company policies at annual meeting, have backed NatWest,