More than half of shareholders at the annual general meeting for luxury retailer Burberry have rejected a pay deal worth up to £23m for the chief executive.
Some 52% of share votes cast did not support the remuneration report for Christopher Bailey or the other executive directors.
But chairman John Peace defended Mr Bailey's pay package and said it was comparable with the sector's competitors.
Mr Peace said: "We know the amount paid to Christopher is a lot of money but much of it is performance related."
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