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Investors flag concerns over weakening pay rules for non-execs

Financial Times LogoFinancial Times5d ago

Investors flag concerns over weakening pay rules for non-execs

Quick Summary

Under current rules, non-executive directors are able to buy and hold shares in the companies on whose boards they sit.

The government is pushing to change the rules to allow non-executives to take a bigger proportion of their income in shares as a way to link their financial rewards with the success of the company.

The code says that “circumstances which are likely to impair a non-executive director’s independence include whether a director participates in the company’s share option or a performance-related pay scheme”.


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Article Details

Author / Journalist: Daniel Thomas

Category: MarketsFinanceInvesting

Topics: Corporate Governance Company Rules Non-executive Financial Code Management Shares Directors

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-22, 18:07:24

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Reading Time: 4 minutes read

Article Length: 678 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 4109

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 8 posts per day

Year Established: 1888

Headquarters: United States

Last Updated: 10h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Languages Covered: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #3

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