The research was conducted to examine the effects of new rules which started in October 2013 governing directors remuneration. Graham Rowlands-Hempel, consultant on employment and incentives at Linklaters, said: ‘Many companies now have in place executive pay policies which should apply for the next three years. It is clear that the new regulations have resulted in a significant increase in shareholder consultation and fewer shareholder “revolts” on pay. Time will tell, however, whether the new rules can be classed a success, as it remains to be seen if shareholders will be content with the way companies actually implement their policies.’ Source: Linklaters
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