Royal Mail faces shareholder showdown as exec pay comes under fire BelfastTelegraph.co.uk Royal Mail bosses are preparing for a showdown with investors at its AGM on Thursday over pay after giving a salary bump to its new chief executive. https://www.belfasttelegraph.co.uk/news/uk/royal-mail-faces-shareholder-showdown-as-exec-pay-comes-under-fire-37132395.html https://www.belfasttelegraph.co.uk/news/uk/article37132396.ece/1099e/AUTOCROP/h342/bpanews_46f4be6a-9d95-4260-bd39-9dec575db26c_1 Email Royal Mail bosses are preparing for a showdown with investors at its AGM on Thursday over pay after giving a salary bump to its new chief executive. Investor advisory firms ISS and Glass Lewis have both suggested shareholders vote against the remuneration reports in part due to the newly-appointed CEO Rico Back being set to receive a higher salary than outgoing boss Moya Greene. Mr Back is being paid a £640,000 annual salary, which is £100,000 more than his predecessor. Royal Mail defended those pay levels, saying it makes up for a lower cash pension allowance, and that his total fixed pay and benefits will be in line with Ms Greene’s. But ISS highlighted part of Royal Mail’s payment policy in 2016 which said that its remuneration committee “recognises that the pension provision is high” and that it would “adopt a lower percentage for newly appointed Executive Directors”. “The level of the former CEO’s pension is not considered… Read full this story
- Fred Goodwin pension row: 90% of RBS shareholders vote against pay report
- Bob Chapek Says “Best Years Are Ahead Of Us” As Disney Re-Elects Board Of Directors & Passes Exec Pay Plan
- Storm damage leaves councils facing big cuts to pay for repairs
- Issues facing daily wage conservancy workers come to the fore
- Prince Harry breaks his silence over Megxit as he reveals his 'great sadness that it's come to this' and says he and Meghan hoped to 'keep serving without public funding' but it 'wasn't possible' before promising 'we're not just walking away'
- To rein in top pay, keep MPs poor and furious
- Full transcript of "Face the Nation" on February 2, 2020
- Royal Bank of Scotland chief receives shares worth almost £1.5m
- Prince Harry and Meghan Markle's Sussex Royal Instagram account catches up with the Cambridges’ 11.3 million fan base following their successful farewell tour
- Meghan and Harry’s farewell tour highlights major headache for royal family
Royal Mail faces shareholder showdown as exec pay comes under fire have 390 words, post on www.belfasttelegraph.co.uk at July 18, 2018. This is cached page on Europe Breaking News. If you want remove this page, please contact us.