A third of Burberry’s shareholders have failed to back the luxury brand’s remuneration report in a protest over high pay. Whilst slightly over 32% of shareholders rejected the report, more shareholders withheld their votes on the matter, signalling the biggest rebellion since more than half of shareholders voted against director pay at the British fashion house. At Burberry’s annual meeting in central London on Thursday morning, the chairman, John Peace, defended the pay packages for key executives.