Investors criticise the high severance pay of former Interserve CEO Adrian Ringrose, who departed two weeks before the company’s profit warning.
The severance pay of former Interserve chief executive Adrian Ringrose has been criticised following the company’s share price collapse.
Ringrose stepped down as chief executive at the end of August following several months of handover to new CEO Debbie White. His departure came two weeks before a profit warning, which saw its share price halve to 72.25p from 152.75p, with the support services business stating that performance would be “significantly below” previous expectations.
Costs associated with exiting its energy-from-waste business will exceed the £160m set out earlier this year, having initially been costed at £70m in M
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Directors and management associations in France want the country's president Francois Hollande to stick with "soft law" on executive pay. They argue that their governance code is one of the most "demanding and respected in Europe".
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