While we understand the desire for our investee companies to pay competitively and reward management fairly, given the continuing uncertainty about the post-Covid economic recovery we are advocating for a restrained approach to executive pay this year:
“Recognising that the Covid-19 pandemic has affected all of our investee companies to some degree, we think it is particularly important this year that executive pay outcomes at our investee companies should appropriately reflect not only their performance, but also their stakeholders’ experience through the pandemic. While we understand the desire for our investee companies to pay competitively and reward management fairly, given the continuing uncertainty about the post-Covid economic recovery we are advocating for a restrained approach to executive pay this year.”
About Fidelity International
Fidelity International offers investment solutions and services and retirement expertise to more than 2.5 million customers globally. As a privately held, purpose-driven company with a 50-year heritage, we think generationally and invest for the long term. Operating in more than 25 countries and with $706.3 billion in total assets, our clients range from central banks, sovereign wealth funds, large corporates, financial institutions, insurers and wealth managers, to private individuals.
Fidelity only offers information on products and services and does not provide investment advice based on individual circumstances, other than when specifically stipulated by an appropriately authorised firm, in a formal communication with the client.
Fidelity International refers to the group of companies which form the global investment management organisation that provides information on products and services in designated jurisdictions outside of North America. This communication is not directed at, and must not be acted upon by persons inside the United States and is otherwise only directed at persons residing in jurisdictions where the relevant funds are authorised for distribution or where no such authorisation is required.
Unless otherwise stated all products and services are provided by Fidelity International, and all views expressed are those of Fidelity International. Fidelity, Fidelity International, the Fidelity International logo and F symbol are registered trademarks of FIL Limited.
Investors should note that the views expressed may no longer be current and may have already been acted upon. CC21/02