ATP votes against increased bonus for Maersk's new CEO

Maersk CEO Vincent Clerc could receive a bonus amounting to 3.5 times his salary. That is too much, states ATP, voting against the new policy.
ATP's SVP, Claus Wiinblad, posits that Maersk's remuneration policy for CEO Vincent Clerc is too extensive. Further, ATP thinks that Maersk ought to reintroduce physical annual general meetings. Today's meeting was digital only. | Photo: Stine Bidstrup
ATP's SVP, Claus Wiinblad, posits that Maersk's remuneration policy for CEO Vincent Clerc is too extensive. Further, ATP thinks that Maersk ought to reintroduce physical annual general meetings. Today's meeting was digital only. | Photo: Stine Bidstrup
by dag holmstad, translated by Christian Radich Hoffman

Denmark’s largest pension fund, ATP, is putting its proverbial foot down in relation to Maersk’s new remuneration policy that will increase the bonus pay for its chief executive officer.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
  • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading