Pay packages of directors are expected to come under fire at the annual meeting of a Fife firm later this month.
There are rumblings among shareholders about remuneration of bosses at Dalgety Bay-based Havelock Europa.
The latest annual report published by the shopfitter showed chief executive Eric Prescott received a £52,000 bonus as part of a £271,000 package.
A £190,000 package for finance director Grant Findlay included a £44,000 bonus, while former director Richard Lowery was given a £150,000 retention payment before leaving last summer.
Meanwhile, pre-tax losses were £4.5 million, a slight decrease on the previous year.
Operating profits before exceptional items rose from £600,000 to £1.4 million.
Largest shareholder Andrew Burgess, who has a 19% stake, told a Sunday newspaper: ”I don’t agree with directors paying themselves a bonus whilst the company is loss-making.”
He is to raise the issue during a meeting with management this week, it is understood.
Havelock Europa has declined to comment ahead of the annual meeting on June 28. However, it is thought the company will point to a turnaround under its current chief executive and defend the bonuses which are paid only when executives achieve objectives.