Struggling Aston Martin steers into recent pay controversy

Aston Martin is steering a path in the direction of a twin-pronged pay row with shareholders because it grapples with the affect of President Trump’s tariffs on automotive producers.

Sky Information can reveal that the influential proxy voting adviser ISS is urging buyers to vote in opposition to each of Aston Martin Lagonda International Holdings’ remuneration votes at subsequent week’s annual basic assembly.

The pay coverage vote, which is binding on the corporate, has attracted opposition from ISS as a result of it proposes important will increase to potential bonus awards to Adrian Hallmark, the corporate’s new chief govt.

“Considerations are raised concerning the elevated bonus maximums, that are constructed upon competitively[1]positioned wage ranges and don’t seem acceptable given the corporate’s current efficiency,” ISS stated in a report back to shoppers.

Aston Martin can also be going through a significant vote in opposition to its pay report for final 12 months – which is on an advisory foundation solely – due to the salaries awarded to Mr Hallmark and different govt administrators.

The corporate’s shares have practically halved within the final 12 months, and it now has a market worth of little greater than £660m.

Regardless of the ISS advice, Aston Martin will win the vote by advantage of chairman Lawrence Stroll’s 33% shareholding.

The posh automotive producer has had a torrid time as a public firm and now faces the headwinds of President Trump’s tariffs blitz.

This week it stated it could restrict exports to the US to offset the affect of the coverage.

Aston Martin didn’t reply to a request for remark forward of subsequent Thursday’s AGM.