CBI tightens guidelines around executives pay - papers 16th September

THE CONFEDERATION OF BRITISH INDUSTRY yesterday urged business leaders to move to rebuild the "battered" reputation of the UK business with a package of measures to stem excessive payments for executive failure, writes the FT. This follows a series of outcries during the past 18 months about high payments for executives abandoning underperforming companies. According to Digby Jones, director-general of the CBI, the reputation of business had been suffering a blow over such "rewards for failure". The CBI suggests that payments to departing directors should be made in phased monthl...