Cit­ing 'ex­ces­sive' ex­ec­u­tive com­pen­sa­tion, ad­vi­so­ry firms want a long­time Re­gen­eron board mem­ber oust­ed

Grum­bles have grown loud­er at Re­gen­eron in re­cent months over the pay pack­ages re­ceived by top ex­ecs, and now two large ad­vi­so­ry firms are rec­om­mend­ing share­hold­ers oust a board mem­ber over the is­sue.

Glass Lewis and In­sti­tu­tion­al Share­hold­er Ser­vices both said that Re­gen­eron board mem­ber George Sing, who sits on the com­pa­ny’s com­pen­sa­tion com­mit­tee, should be vot­ed out ahead of an up­com­ing share­hold­er meet­ing this Fri­day. Sing has been a di­rec­tor at Re­gen­eron since the com­pa­ny’s found­ing in 1988. Ac­cord­ing to Glass Lewis, whose re­port was pro­vid­ed to End­points News, con­cerns were ex­pressed over the “ex­ces­sive” stock awards giv­en to CEO Leonard Schleifer and CSO George Yan­copou­los.

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