While Lynch’s £114,000 pales against the £510,000 he received in 2003, investors are likely to be angered by what looks like another example of a reward for failure.
The group’s executive chairman, Sir Francis Mackay, and chief executive Miachael Bailey, both refused the offer of bonuses feeling it would be inappropriate.
In total, Compass Group paid out £881,000 in bonuses, although the vast majority of this went to Alain Dupuis, head of Compass’ Asian and Australian operations, who was on a serparate bonus rating system.
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.