Domino’s Pizza is facing investors backlash over proposed changes to executive pay.

The London-listed company, recently forced to abandon a planned acquisition after a drop in profits, is preparing for a significant protest vote at its upcoming annual general meeting, according to a Sky News report.

The firm is seeking approval for a new three-year remuneration policy that would introduce a hybrid long-term share scheme, potentially allowing chief executive Nicola Frampton to earn up to 175 per cent of her annual salary.

Domino’s Pizza is facing scrutiny after Institutional Shareholder Services, a leading proxy adviser, told investors that the company’s proposed pay changes are “complex” and “outside typical market practice.”

ISS raised concerns that the plans would give the board broad discretion to adjust the mix of performance-based and retention-based stock awards each year, departing from standard remuneration structures.

“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 fall by a third over the past year, reducing its market capitalisation to below £700 million.

Despite the decline, it remains a major player in Britain’s home delivery pizza sector, generating nearly £1.6 billion in system-wide sales last year.

However, statutory pre-tax profit dropped by 35% to £81.1 million over the same period.