Directors on RemCos to be liable for breaches of pay policy, says FT

EXECUTIVE REMUNERATION

Directors on RemCos to be liable for breaches of pay policy, says FT

Directors who serve on remuneration committees will be personally liable for overpayment that fall outside a company’s pay policy under the new reporting regime that comes into force in October, the Financial Times reports today.
 

 

The final proposals on directors’ remuneration legislation have been published. Employee Benefits magazine summarises the state of play.