Braemar’s top two executives took home less pay in the UK-listed shipbroker’s last financial year as shareholders rebelled against the executive rewards policy in even bigger numbers than last year.

The London shop’s annual report for the 2023/2024 period shows chief executive James Gundy received a bonus of £2.35m ($2.99m), down from £2.95m the year before.

Chief operating officer Tris Simmonds banked a bonus of £1.125m,