Anyhow, trawling through asset manager voting disclosures recently I came across this from Kames (formerly Aegon). It's their rationale for opposing the remuneration report at United Utilities last year:
We have an issue with the use of “employee engagement” as a metric for measuring performance under the long term incentive plan.Ho hum.
This target is opaque and is already utilised in the annual bonus plan. 25% of the performance is based on this metric and we believe that it is too high for what is effectively a part of the day to day running of a large business.