Really such mealy mouthed comments (Fat cat payouts come under fire from finance chiefs, page 1, 20 September)! Where past record indicated that on appointment a director is unlikely to produce the goods, then rightly significant termination ‘bonuses’ are inappropriate and the contract should not be made and be challenged by shareholders and institutions.
However, where there is a past record of success in business or profit growth, a company will never attract the ‘best’ man for the job without the inclusion of share options, termination payments etc. The contract is providing not merely for the provision of the incoming director’s expertise but also the ‘risk’ he is taking in moving from what is probably a ‘comfortable’ status quo.
C. J. Rogers, Chase Buckley.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel