Sentences with phrase «remuneration committee»

A survey for the High Pay Centre showed huge public support for action against executive pay, with two - thirds of people demanding worker representation on remuneration committees, a move the government refused to enforce last week despite official recommendations.

«They are paid in line with standard Civil Service rules and an independently - chaired Remuneration Committee advises on all pay and bonus awards for Permanent Secretaries.»

Non-executive Board Member and Chair of Remuneration Committee for Glasgow Prestwick Airport.

Last year's 33.45 % against vote was the largest rebellion since the proposal was voted down in 2012, and WPP's remuneration committee took the hint — with a binding remuneration policy vote on the 2017 AGM agenda, it has proposed a raft of changes aimed at forestalling the embarrassing public relations that would follow a rejection.

The Investment Association (IA)-- the leading trade association for trust and fund managers in the UK — has written to the chairs of remuneration committees in the FTSE 350 to outline changes to its Principles of Remuneration («the -LSB-...]

As such, speculation remains rife as to potential board changes in light of the defeats, particularly with regard to remuneration committees who have overseen payments and decisions that have driven some of the highest levels of shareholder discontent the UK market has seen; the Institute of Directors, a body representing company directors, has gone as far as to state that the reaction of BP's board «will determine the future of corporate governance in the UK.»

Reflecting the increasing importance of effective engagement, the consultation asks whether steps should be taken to encourage remuneration committees to consult with shareholders and employees before developing pay policies, and to improve their effectiveness in general.

The concrete measures that Miliband has advanced, from capping rail price increases, to legislating for a living wage, from changing government procurement rules to encourage vocational training, to putting workers» representatives on corporate remuneration committees, are all workable, worthwhile policies.

The Lib Dems want independent remuneration committees, David Cameron called for shareholder votes, while Labour accused him of dragging his feet

Current, Board and Audit Committee member and Chair of Governance & Remuneration Committee at A2Dominion Housing Group.

Wragge & Co is firming up plans to shift Lawrence Graham (LG) partners into an all - equity structure, with the firm set to vote in members of a new remuneration committee to oversee the transition.

Dean's professional experience has included being a non-Council member of the Law Society Remuneration Committee and sitting on a peer review panel for Oxford University Press.

But in others they are because of the closed circle of people that sit on remuneration committees, handing out pay and bonuses.

Here, the rebellion focused on the remuneration committee's decision to override the formulaic outcome of the long - term incentive plan, which stipulated that awards would only vest if TSR was at or above the median of a small, bespoke peer group.

All members of the Audit Committee and the Remuneration Committee are NEDs.

Even in the context of such a distinguished history, the board's curt response to the vote has raised eyebrows: immediately after the AGM's conclusion, the board announced that it had met to confirm Mr Ghosn's remuneration and reiterated the quality of 2015 results, adding that the remuneration committee had been asked to review pay structures for 2016.

Few details are offered, however the BEIS has taken up one specific idea from the Executive Remuneration Working Group, which proposed that committee chairs should have at least 12 months experience on a remuneration committee before taking up the lead role.

The Church's investment arm, which has a minority holding in Sports Direct, made its disapproval clear at the group's AGM, voting against the re-election of both chairman Mr Hellawell and chief executive Mr Ashley in 2017, as well as the head of the remuneration committee and remuneration report.

Mr Rayner is also a director of Qantas Airways Limited (since July 2008 and where he also serves as Chairman of the Remuneration Committee), Boral Limited (since September 2008 and where he also serves as Chairman of the Audit Committee) and a director of Murdoch Childrens Research Institute (since December 2014 and where he also serves as Chairman of the Audit, Finance and Risk Committee).

He becomes a non-executive director and his responsibilities will include membership of the audit, the nomination and the remuneration committees.

She is currently non-executive director and chairman of the remuneration committee of Premier Foods, where she has been for four years.

As for the Premier League itself, well, according to David Conn in the Guardian, it is content that Scudamore «followed board procedure by reporting the matter to the acting non-executive chair of the board, the chair of the audit and remuneration committee,» as well as to the clubs.

This week, Spurs published their latest financial accounts, which revealed that Daniel Levy was the Premier League's best - paid chairman, earning # 6 million last season (this includes a backdated pay rise and bonus after a remuneration committee review and is not his annual salary.)

RBS has been very clear that the remuneration committee of the board of the bank had discretion in this case.

«An important step in this direction would be for firms to publish the ratio of the pay of top earners compared to average employees as well as putting employee representatives on remuneration committees.»

But in its 2015 manifesto, Labour did pledge to «make sure employees have a voice when executive pay is set by requiring employee representation on remuneration committees» and to «give football fans a voice in club boardrooms».

«Reform should start with employee representation on remuneration committees, which would give directors a much - needed sense of reality.»

I say, every company should have an employee on their remuneration committee, so the right pay is set and it is justified.

In the 2015 report, the company allows the remuneration committee to clawback bonuses in the event of «corporate failure».

Miliband renews his call for employees to sit on remuneration committees and for annual shareholder votes on directors» pay.

He also renewed his call for workers to sit on remuneration committees, for annual shareholder votes on executive pay and for a special tax on bonuses.

Like an employee on every remuneration committee so that top executives have to look an ordinary member of staff in the eye before they award themselves a pay rise.

And the TUC's general secretary, Brendan Barber, said reform should start with employee representation on remuneration committees, which he said would give directors «a much - needed sense of reality».

It's quite another when a remuneration committee staffed by the people at the top of the company are ever increasingly paying themselves huge sums of money that is not commensurate to their contribution to the company or to society.

And to enforce it, Mr Clegg said the government should consider appointing its own people to the remuneration committees.

Too often high levels of CEO [pay] are explained by the power and personality of the individual CEO, the make - up of the remuneration committee and the need to compare favourably to existing market rates rather than clear measures of individual and organisational performance.

Harris accounts stated the pay of senior staff, including Moynihan, is set by a remuneration committee, which includes Lord Harris, chair of the trust's board.

As Standard Life was already part of the way through the 2017 performance year the underlying principle applied by the Remuneration Committee of Standard Life and set out in the appendix to the circular to the merger was that minimal changes should be made for 2017.

Prior to the merger independent oversight and control was provided by the Remuneration Committee for Standard Life plc..

The Policy is subject to independent oversight and control by the Remuneration Committee (the «Committee») for Standard Life Aberdeen plc (the «Company»), which is the ultimate parent company of the Standard Life Aberdeen group of companies (the «Group»).

Standard Life operated a company - wide remuneration policy, approved by the Remuneration Committee of Standard Life.

The revised Code will remove the current exemptions / relaxations for companies outside the FTSE 350 — these include provisions relating to externally facilitated board evaluations, annual re-election, proportion of independent non-executives on the board, and the composition of audit and remuneration committees.

He has been a member of the Judicial Conduct Review Committee and the Remuneration Committee of the Canadian Superior Courts Judges Association and member of the Board of Directors since 2011.

The remuneration committee of the Trust commissioned lawyers to investigate an allegation about the chief executive's probity.

Such standards include the requirement that a majority of directors on our board of directors are independent directors and the requirement that our remuneration committee and our nominating and corporate governance committee consist entirely of independent directors.