NatWest avoids revolt as shareholders back executive pay overhaul

Advisory firm had called on investors to vote against plan, under which boss Alison Rose could earn 5.2m

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.