Domino’s Pizza is facing a backlash from investors over plans to overhaul its bosses’ pay packages.

MEZIESBLOG understands that the London-listed company, which recently shelved plans to acquire another brand after seeing a slump in profits, is braced for a sizeable protest vote at its annual meeting later this month.

Domino’s is proposing a three-year remuneration policy that will introduce a hybrid long-term share plan, which could pay chief executive Nicola Frampton up to 175% of her annual salary.

Institutional Shareholder Services (ISS), the influential proxy adviser, has told investors that Domino’s plans are “complex” and “outside typical market practice” because they give the board the flexibility to vary the balance of performance-based and retention-based stock awards each year.

“Concerns also arise from the introduction of quasi-guaranteed restricted share awards at a time of depressed share price, leading to concerns over so-called windfall gains,” ISS, which is recommending that investors vote against the proposed pay policy, said.

Domino’s Pizza has seen its shares tumble by a third over the last year, leaving it with a market capitalisation of less than £700m.

It remains one of the largest players in Britain’s home delivery pizza market, recording total system sales of close to £1.6bn last year.

Statutory pre-tax profit fell by 35% to £81.1m.

It had been scouring the market for a second brand to add to its operations but has discontinued that search.

A spokesman for Domino’s Pizza declined to comment on ISS’s report.