Wednesday 12 December 2018
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.theguardian - 5 month ago

Royal Mail faces revolt over boss s pay – but the board is free to do nothing | Nils Pratley

Rico Back’s package is lavish, but far from the City’s worst. Blame the advisory voting systemOrna Ni-Chionna, head of remuneration at Royal Mail, is “very disappointed” that 70% of voting shareholders think her pay report should be filed in the bin, along with the junk mail. The company will reflect “very carefully” on their views. Then it will consult with them, again “very closely”. Then it won’t change a thing.The last part wasn’t spelled out, naturally, but it’s how the plot usually works when the reso

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