Share guidelines being used more frequently in UK

The number of UK companies using formal share ownership guidelines has
increased by almost 20 per cent, according to a survey by consultants Mercer.

The amount of firms using ownership guidelines, which outline the value of
company shares that executives must own, has grown to 63 per cent, compared
with 47 per cent last year.

The poll, which covered more than 680 positions at 36 large employers, also found
the number of firms awarding increases of less than 5 per cent has risen by 18
per cent to 63 per cent.

However, the number granting rises of more than 15 per cent has also gone
up, from 27 per cent last year, to 40 per cent in 2003.

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