Pension fund members of the UK's Local Authority Pension Fund Forum (LAPFF) are being urged to vote against a new executive share incentive scheme at Cable & Wireless' AGM on July 20 due to weak performance targets.
The ‘Incentive Plan 2001’ has two main elements: share option awards and incentive share awards. Option awards of up to six times salary may be made annually (up to ten times in some cases). The...
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