DSG International Plc (DSGI.L) is expected to win the backing of some of its biggest shareholders for a salary sacrifice scheme, even though the controversial arrangement has come under attack from an investor advisory group, the Financial Times reported on Tuesday.
Standard Life, DSG's biggest shareholder with a 12% stake, is expected to back the scheme, which is likely to see John Browett, DSG chief executive, sacrifice 25% of his salary in return for share options.
Pirc, the investor advisory service, took issue with the proposal because, unlike the retailer's other option plans, this scheme is not based on the participants' performance. The Association of British Insurers issued an "amber top" alert, highlighting that the proposal might breach its guidelines on best corporate governance practice.
The proposal will be voted on September 2 at DSG's annual shareholder meeting. One top 10 shareholder said the amber top alert had been to notify investors that the arrangement was unusual. Insight Investment, which holds about 2.25% of the shares in DSG, which would put it among the top 10 investors, has voted for the proposal.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.