Standard Life could face opposition over pay deal - papers 2nd April

Head of corporate affairs, Gordon Arthur, told the Scotsman the board has "no intention" of making the ballot binding on the company, even though there have been furious rows in recent months given the pay and bonuses of senior directors when investment performance was low. In order to scupper any deal on pay packages, policyholders will have to call a vote of no confidence, says Arthur, however, that is always entirely possible given the firm is now worth a third of the value it held in the previous 2000 demutualisation vote. Rumours of a pay deal worth around £1m were part of the re...