ABI issues guidance on company boards and pay
The Association of British Insurers (ABI) has published its first report on Board Effectiveness and issued revised principles of executive remuneration.
According to the trade body the documents provide UK boardrooms with clear indications from institutional investors on executive pay and effective performance.
The report on Board Effectiveness focused on three key issues that are held to make an effective board: board diversity, succession planning and board evaluation.
The ABI added that it had highlighted existing best practice amongst FTSE 350 companies and made clear that greater progress and transparency on these issues was needed to
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