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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent

NatWest avoids revolt as shareholders back executive pay overhaul

Alison Rose
NatWest’s proposed pay policy could see Alison Rose’s earn 150% of her £1.1m salary. Photograph: Simon Dawson/Reuters

NatWest executives have avoided a shareholder rebellion despite a controversial new pay policy that could net its chief executive, Alison Rose, as much as £5.2m a year.

The bank’s new pay policy – which was put to a shareholder vote on Thursday afternoon – will increase Rose’s potential bonus payouts by 25%, and result in a 43% rise for finance chief, Katie Murray, by 2023. Rose was paid nearly £3.6m in 2021.

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