A leading insurance firm has lost the vote on executive pay at its annual meeting. Excluding abstentions, the majority of shareholders at Aviva voted against the company’s latest remuneration report. Shareholders are angry at salary levels paid to board members while shares have fallen by more than a quarter during the past year. As a result, group chief executive Andrew Moss has agreed not to take a rise in his pay, which would have put his £960,000 salary above £1 million.