TITLE

Clampdown on reward for failure

PUB. DATE
May 2005
SOURCE
People Management;5/19/2005, Vol. 11 Issue 10, p13
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article reports that F&C Asset Management is demanding a clampdown on rewards to executives. The firm is calling for directors to pay back bonuses if it is later proved that their company has not been performing well. It also stated that the remuneration committee should have the right to withhold or reclaim non-base pay from executives, such as cash bonuses, options and stock awards.
ACCESSION #
25759317

 

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