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Business-to-business publisher UBM has become the latest media company to face a shareholder revolt over the amount paid to senior management. Almost 48 per cent of investors chose to reject or abstain from a vote at the company's annual general meeting this week to pass UBM's remuneration report.

It follows a similar protest at the Trinity Mirror AGM last week , where the company's executive pay policy passed with just 54 per cent of shareholders voting in favour.

UBM's latest annual report shows chief executive David Levin earnt £1.64 million last year – including a £929,299 bonus. Across the whole board of nine directors, executive pay totalled £3.4 million.

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Written by
Paul McNally

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