Statoil, Troll A oil platform

13 April, 2018

Norway’s oil fund backs closure of LTIPs at Weir

Norway's state pension fund, the world's largest sovereign fund, has backed moves by UK engineering group Weir to drop long-term incentive plans (LTIPs) for executives. The
Persimmon

23 February, 2018

Persimmon’s mega executive payouts curbed by 50%

Mega payouts lined up for Persimmon executives due to an unfettered bonus scheme have been reined in, the housebuilder has confirmed. After drawing criticism from a range of quarters for the scheme...
Persimmon

8 February, 2018

Redrow chairman slams mega-payout for Persimmon CEO

A huge bonus for Persimmon chief executive Jeff Fairburn has been lambasted by the chairman of rival housebuilder Redrow. Steve Morgan said that Persimmon's £110m bonus scheme, of which CEO Jeff F...
Persimmon

10 January, 2018

Persimmon CEO defends bumper bonus scheme

The chief executive of housebuilder Persimmon has defended a widely criticised remuneration scheme that will give him a bonus of more than £100m. Persimmon's chairman Nicholas Wrigley, and remuner...
Persimmon

15 December, 2017

Persimmon chairmen resign over executive pay cap omission

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FTSE, investors, shareholders

7 November, 2017

Investors turn the screws over toned-down executive pay awards

FTSE350 companies have been given notice by shareholders that a trend to cut variable pay awards for executives should continue into 2018. The warning came from the
Halfords

17 July, 2017

Halfords faces opposition to reappointment of auditor

Halfords, the car carts and bicycle retailer, faces opposition to the reappointment of Big Four firm KPMG as auditor over concerns about independence.
executive pay, remuneration

26 April, 2017

Pay consultant argues LTIPs are ‘effective’, despite calls to end them

Long-term incentive plans (LTIPs) are an "effective tool" for integrating executive pay with performance, according to a leading remuneration consultant, despite calls from politicians for an end to s...
bricks, housebuilding

24 April, 2017

Adviser concern builds for executive pay at Persimmon

The housebuilding sector faces further controversy over executive pay after it emerged that shareholder advisers have issued guidance to vote against the pay deal at Persimmon. The Financial Ti...
Yngve Slynstad, Norges Bank Investment Management

7 April, 2017

Norwegian oil fund seeks the end of LTIPs

Norway's $900bn sovereign wealth fund has intervened on the executive pay debate, revealing that it wants to see the end of long-term incentive plans for chief executives at its investee companies, a...