Tag: remuneration committee
Executive pay guidelines declare the need for ‘case-by-case’ assessment
There should be a ‘clear rationale’ that aligns remuneration with a firm’s purpose, values and goals, says the Investment Association.
LSE chief claims remco chairs willing to suffer ‘naughty step’ for higher executive pay
Julia Hoggett says Capital Markets Industry Taskforce’s campaign to enhance CEO pay is winning converts.
Nationwide appoints Tracey Graham as independent non-executive director
Tracey Graham joins the mutual building society’s board this week and will become chair of its remuneration committee in January.
FTSE 100 CEO pay falls as investors retain focus on remuneration policy
Median pay dropped from £4m to £3.4m in 2018 as companies bow to shareholder pressure on remuneration policy, according to research from Deloitte.
MPs call on regulator to get tough on executive pay
Commons committee report says the new Audit, Reporting and Governance Authority should be given the tools to clamp down on companies that “behave unreasonably on executive pay”.
A healthy balance for parent banks
Boards of banks face an increasingly broad array of responsibilities when managing foreign subsidiaries, ensuring the parent company has control and oversight without sacrificing independence or creating a culture of complacency.
Board moves at Speedy Hire; Barclays; and BTG
Speedy Hire gets a new chairman; and BTG’s new remuneration committee chair will have interesting discussions ahead, as a tranche of shareholders vote against recent remuneration policy.
Board chairs offered extension on nine-year terms in new code
New corporate governance code tackles independence of chairs, remuneration committee responsibilities and corporate culture.
Norway’s sovereign fund rejects broader role for remuneration committees
Norges Bank Investment Management says a division of responsibilities means remuneration committees should not be overseeing company-wide pay.
Persimmon’s mega executive payouts curbed by 50%
Persimmon executives agree to take bonus cuts, following widespread criticism of its tens-of-million-pound payouts lined up from its non-capped 2012 long-term incentive scheme.