![]() Speaking at that event last week Sir David Walker, chairman designate of Barclays, said the appropriateness of incentives must be analysed and structures where revenues were related to performance were fundamentally flawed and corrupt. ![]() The news comes after the chairmen of five of the high street's biggest banks, including Lloyds Banking Group chairman Sir Win Bischoff (pictured), told delegates at the British Bankers’ Association annual conference there was a need to reassess pay and how profits were shared between management, employees and shareholders. The FT said the idea is being put to investors as Lloyds seeks to prove to politicians and taxpayers that it is taking a more responsible attitude to the topic. The plan would align bankers’ pay with the long-term interests of shareholders. The 40% taxpayer-owned bank is examining whether to extend the timeframe of longer-term incentives to up to 10 years, said the Financial Times, which has spoken to people asked about the plan.
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