Wednesday 18 March 2009

RBS rumble ripples out

Given Tom MacKillop's role in the Fred Goodwin pension deal, it's not surprising to see that investors are querying his role on the remuneration committee at BP. If directors are going to have any kind of accountability, surely a vote in favour is called for here?

It's also worth noting that Myners has stuck the boot into shareholder advisers (amongst others) who gave the RBS remuneration report the thumbs up last year. As I pointed out previously, the ABI's support is especially surprising given their guidance on early retirement provisions.

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