FACTBOX-Major shareholder protests in Britain

(Reuters) - Marks and Spencer's chairman Stuart Rose faces protests in Wednesday's shareholder meeting over his appointment as executive chairman, a position that combines the roles of chief executive and chairman against corporate governance guidelines.

Following is an account of some recent major shareholder protests in British companies:

* GLAXOSMITHKLINE PLC:

-- GlaxoSmithKline shelved plans for a big pay rise for Chief Executive Jean-Pierre Garnier in November 2002, backing down after pressure from shareholders. GSK had planned to raise Garnier's overall annual pay package to about $18 million (9 million pounds) from $10 million.

-- The plan rankled many of the drugmaker's top shareholders, who questioned the merits of a big pay rise when the company's shares were sliding. GSK's shares had fallen by as much as a third in value in 2002.

* J SAINSBURY PLC:

-- Supermarket chain J Sainsbury chairman Peter Davis quit in July 2004 after investors threatened to revolt on learning he would be paid a stock bonus for the previous year worth more than 2 million pounds, despite a fall in profits.

-- Investors were incensed after the company issued its second profit warning in four months and the stock had underperformed in London's food and drug retail sector index by 11 percent over the past 12 months.

* LONDON STOCK EXCHANGE: