Standard Life AGM: directors remuneration report passed

This means the company will be able to pay out to those same directors who have proposed the company demutualise as part of the strategic review into the future of Standard Life. According to the remuneration committee figures presented at the meeting, the aggregate “emoluments of the directors was £2,422,000 (2002 – £2,431,000).” It was also noted that: “From 2003 onwards, in line with market practice, the Group Chief Executive’s scheme is designed to deliver a bonus award of 52.5% of basic salary for on-target performance, with a maximum payment of 75% of basic salary.“ “Nearly £...