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General

BT plans to replace performance-related bonuses with restricted share plan

Tuesday 3 December 2019 | 10:43 CET | News

BT plans is planning to overhaul the incentive programme for top executives by removing a performance-related bonus scheme and replacing it with a smaller guaranteed pay-out, reports the Financial Times.

According to sources from three top 30 BT shareholders, the company has proposed a new restricted share plan which gives executives, including CEO Philip Jansen, a set number of shares that have to be held for a specific time period. The move comes amid continued public concern about excessive pay for company executives. 

A company spokesperson told the FT that the remuneration committee was currently reviewing its remuneration policy and will consult with major shareholders and proxy voting agencies before making changes at the AGM in 2020. 



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Categories: General
Companies: BT
Countries: United Kingdom
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