Playtech’s chief executive Mor Weizer has had his controversial bonus, potentially worth over £30m, approved by shareholders.
The long-term incentive award was given the green light in a shareholder meeting.
However, the strength of feeling against the structured bonus to Weizer, who has headed the technology giant since 2007, was shown in a vote that passed by 127 million votes (54.76 per cent) to 105 million (45.24 per cent).
In Playtech’s AGM back in May, 41.8 per cent of shareholders voted against the remuneration report, with 40.9 per cent opposed to the remuneration policy.
London-listed Playtech PLC’s share price has fallen from a high of 1,016p in July 2017 to its current standing of of 389p.
Fergal Sarsfield of Setanta Asset Management, Playtech's largest shareholder, said: "We are pleased that this long-term incentive package has been approved. Alignment of interest between management and shareholders is something we encourage and value highly.
“Importantly the package is designed to reward only exceptional long-term performance and the high performance hurdles are representative of the confidence management and shareholders have in the long-term growth potential of Playtech."
