NAPF supports transparency on boardroom pay

Moves by the Department of Trade and Industry to make board level remuneration proceedures more transparent have been welcomed by the National Association of Pension Funds (NAPF). The association says the decision to link remuneration more closely to actual company performance should be supported. It will give investors a clearer view of whether the remuneration packages they are being asked to vote on really are in their own best interests. The NAPF argues strongly, however, against forcing the changes through legislation as oposed to dropping in the new requirements into...