The natives are getting restless: British Gas has taken more flak than any other company for what it pays its directors, Rightly so. An on 31 May shareholders should not miss a chance to bring their directors into line

Article Abstract:

There was intense political criticism when chief executive of British Gas Cedric Brown received a salary increase of 76% to 475,000 pounds sterling, particularly as a third of the workers were facing the sack. Richard Giordano, chairman of British Gas, will face hostile proposals at the annual meeting including a call for a new advisory association to prevent the company from losing touch with its investors, customers and workers. There will also be a call for a revision of boardroom pay policy.

Gas Utilities, Natural Gas Distribution, Gas industry, Centrica PLC

---

Lifting the lid on another racket: you think pensions aren't sexy? Think again. Over the next couple of years you will read more about directors' pensions in the financial pages than you've read in all of the past two decades

Article Abstract:

Shareholders will have a clear view of what directors earn and what it will cost them to provide directors with a prosperous retirement, following the Greenbury Code on boardroom pay and perks. Greenbury wants the pension entitlement earned during the year to be disclosed as part of the director's total remuneration. If the pension fund is in surplus, other pension scheme members or shareholders will pay, and if it is not in surplus, a top-up payment may be recommended.

Pension Funds & Benefit Plans, Pension Funds

---

Pay policies prove controversial: boardroom salaries have attracted a lot of adverse publicity. Non-execs, who make up the bulk of remuneration committees, neee to beware of the pitfalls

Article Abstract:

There has been controversy about over generous senior pay packets despite recommendations by the Cadbury Committee that boardrooms should establish remuneration committees comprising solely of non-executive directors to set appropriate levels of boardroom pay. The IoD believes there should be a connection between the rewards top executives receive and the long term performance of the company.

Similar abstracts:

• Abstracts: Interfering effects of the task demands of grip force and mental processing on isometric shoulder strength and muscle activity
• Abstracts: Everybody's two cents. A little power to the shareholder: the battle for a majority vote to elect corporate directors heat up
• Abstracts: A little power to the shareholder: the battle for a majority vote to elect corporate directors heat up. Throwing more brains behind FX hedging
• Abstracts: Quantifying repetitive hand activity for epidemiological research on musculoskeletal disorders - Part I: Individual exposure assessment
• Abstracts: Blueprint of an oil-eating bacterium. Metagenomic sorcery and the expanding protein universe. Complete genome sequence of the erythromycin-producing bacterium Saccharopolyspora erythraea NRRL23338

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.