-- Institutional Shareholder Services has urged investors to vote against a remuneration report that would grant London Stock Exchange Group PLC Chief Executive David Schwimmer a 25% increase in his base salary, Sky News reports.

-- A substantial minority of shareholders in the company are therefore likely to vote against the remuneration report to approve Mr. Schwimmer's pay raise, Sky News says.

-- Mr. Schwimmer was paid a total of 6.9 million pounds ($9.5 million) in 2020, up from GBP2.5 million in 2019, Sky News reports.

Full story: https://bit.ly/3mUr0RO

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(END) Dow Jones Newswires

April 16, 2021 08:47 ET (12:47 GMT)

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