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Searching for: researcher is "association of british insurers (abi) & national association of pension funds (napf)"

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Best Practice on Executive Contracts and Severance
A new initiative designed to limit payments to failed executives
Association of British Insurers (ABI) & National Association of Pension Funds (NAPF)
Dec 2002 United Kingdom Corporate Governance
This is a new initiative designed to limit payments to failed executives. The statement sets out the view of institutional shareholders on how boards can take steps to avoid unmerited payments. It includes a call on companies to ensure that they do not write contracts that commit them to pay for failure, it recommends that severance payments should be made on a phased basis rather than in one lump sum and it calls on boards to disclose and justify pension enhancement.  

More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> Dec 2002 or click here (this link will not work in all circumstances). For further information about Perspective click here.

AA0793A6   Click here to contact the authors.

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