Retention bonus for FD worries NAPF
Investors in the Royal & Sun Alliance have been advised to abstain from a vote on the company's remuneration report because of pay arrangements for the insurer's finance director.
Link: RBS chairman backs high executive pay
Julian Hance is to be paid a £250,000 bonus this year just for staying in his job.
The National Association of Pension Funds is so concerned by the introduction of a retention payment it has told investors to ignore the vote on director’s pay at RSA’s AGM on 14 May.