Tech

Proxy adviser ISS recommends vote 'against' executive pay at Alphabet

Alphabet CEO Sundar Pichai gestures during a session at the World Economic Forum (WEF) annual meeting in Davos, on January 22, 2020.
Fabrice Coffrini | AFP | Getty Images

Institutional Shareholder Services (ISS) has recommended shareholders of Google-parent Alphabet to vote "against" the company's proposed executive pay at its annual meet in June, according to a report seen by Reuters on Thursday.

"The compensation committee has demonstrated poor stewardship of pay programs as evidenced by recurring concerns of outsized awards that are not sufficiently performance-based," ISS said in the report.

The proxy adviser has also recommended shareholders to withhold support for four directors — L. John Doerr, Alan Mulally, K. Ram Shiram and Robin Washington.

Alphabet did not immediately respond to a Reuters request for comment.