Paying off "Fat Cats": Best Practice on Payments for Severance of Executive Directors' Contracts

• Author:
• MacRoberts Solicitors

The Association of British Insurers (ABI) and the National Association of Pension Funds (NAPF) have published a joint statement providing best practice on payments for severance of executive directors' contracts.

The statement is perhaps a response to the public perception that the worse a director is the more he is paid to go. This is exacerbated for shareholders at a time when stock market prices have collapsed and yet some executives have been paid off with seven-figure sums despite poor... (469 more words)

Member login

If you are a member of the Workplace Law
Network, please enter your details below

My email address
My password
Keep me logged in:
	I've forgotten my password

Protecting your data

We take data protection very seriously. We will never share your data with third parties. We process data in accordance with: the Data Protection Act 1998; the 11th edition of the British Code of Advertising, Sales Promotion and Marketing Practice; and the DMA Direct Marketing Code of Practice.