By Daniel Hunter

HSBC have announced that they will face a shareholder vote on executive pay due to concerns that top bosses rewards are not in line with company performance.

The bank is holding its annual general meeting (AGM) today (Friday) at which shareholders get to express their views about how the company is being run.

Stuart Gulliver, the banks Chief executive, is set to receive a bonus pay package that is worth £7.2 million.

However, with shareholders given a vote, shareholder advisory body, Pirc, is advising shareholders to vote no.

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