Northam faces binding vote on pay after a decade of dissent

Northam Platinum Holdings faces a binding shareholder vote on executive pay for the first time following years of investor opposition to its remuneration policies. The October 26 vote at the South African miner’s annual general meeting is asking shareholders to approve an approach to remuneration that the world’s biggest proxy-advisory firm, Institutional Shareholder Services Inc., describes as “overly generous,” and some major US investors have said they’ll vote against it.