Sweeping the board

Article Abstract:

Independent directors in the UK average 12 days annually at meetings and ten days in preparation and other tasks, according to a survey by Top Pay Research Group. Part-time chairmen tend to work from 50 days to 81 days annually at companies with turnovers from 31 million pounds sterling to 1 billion pounds. Their basic pay is between 26,000 pounds and 70,000 pounds or between 518 pounds per day and 864 pounds per day. There are three independent directors on each board as a norm for UK companies.

Compensation and benefits, Executives, Executive compensation

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The truth behind Esops' fables

Article Abstract:

Employee share ownership schemes (Esops) are trusts buying shares in a company and distributing them to the company's staff. Shareholders are not always consulted when Esops are set up. Esops can be a means of preventing a takeover. Esops buy existing shares, so shareholders' interests are not diluted. Esop's shares should appear as part of the company's fixed assets. Debts incurred buying Esops may be higher than the value of the Esop's shares if the share price drops.

Employee ownership

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Investors, unite!

Article Abstract:

UK shareholders are organizing to protect their interests with two organizations set up for this purpose. The guild of Shareholders and Shareholders' Charter Ltd both aim to improve the positions of private investors. The UK Shareholders' Association has campaigned in the three years to 1995, and has some 400 members, while Proshare is a similar body with 6,000 members. proshare is funded by the government, public companies and the stock exchange.

Political activity, Stockholders

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