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Mallin: Corporate Governance 2e

Chapter 9

Performance measures

Page 144 of the book

In February 2008, the Association of British Insurers (ABI) and the National Association of Pension Funds (NAPF) issued joint guidance entitled ‘Best Practice On Executive Contracts And Severance - A Joint Statement By The Association Of British Insurers And The National Association Of Pension Funds’.  The guidance aims to assist boards and their remuneration committees ‘with the design and application of contractual obligations for senior executives so that they are appropriately rewarded but are not rewarded for under-performance. The full document can be accessed at: www.ivis.co.uk/ExecutiveContractsAndSeverance.aspx

Page 145 of the book

In December 2007, the ABI made some minor amendments to its ‘Executive Remuneration – ABI Guidelines on Policies and Practices’.  The full document can be accessed at: www.ivis.co.uk/ExecutiveRemuneration.aspx