Consultation on Directors' Compensation and Severance

• Author:
• Norman Russell

On 4 June, Trade and Industry Secretary Patricia Hewitt launched a consultation document addressing directors' contracts, performance, and severance payments and the linkage between them.

Although the accompanying press release suggests that the Government's view is that individual directors' pay is a matter for companies and their shareholders, the consultation document, as well as looking at best practice reform options, also addresses possible legislative reform.

The proposals for best p... (138 more words)

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