In the letter written on Thursday and made public on Monday, Committee Chairman Frank Field asked why the remuneration committee put forward a proposal where the existing directors would receive 40% of base salary (20% of total salary) as the pension contribution whereas the contribution of new executive directors is limited to 10% of total salary.
LONDON: Standard Chartered Plc (StanChart) restored its dividend after a two-year suspension and came close to analysts’ forecasts for revenue and profit, suggesting that chief executive officer Bill Winters is gaining ground in getting the bank back on track.
The lender’s shares rose as much as 3.3% in Hong Kong after it announced a full-year dividend of 11 cents per share and said it planned to increase payouts as its performance improves.
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