Housebuilder loses its board chairman and remuneration committee chairman after admitting they could have introduced a cap to the company’s controversial long-term incentive plan.
The chairman and senior independent director at housebuilder Persimmon have resigned, admitting that they could have capped executive pay.
Nigel Wrigley, chairman, and Jonathan Davie, chairman of the remuneration committee and senior independent director, announced they would resign yesterday in regulatory statement.
Wrigley and Davie part company with Persimmon over a controversial 2012 LTIP (long-term incentive plan), which could see notional profit on share options for the company's three leading executives reach
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