Most companies are preventing shareholders from judging whether the remuneration packages of senior executives reflect their performance by not adequately disclosing the operation of share schemes.
Bacon & Woodrow’s annual review of share-based incentive plans in FTSE 100 companies suggests that about three quarters of them provided a poor level of detail.
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Elizabeth Hubbick, associate at Bacon & Woodrow’s, said, “While many companies are adhering to the letter of the FSA’s listing rules disclosure requirements, few are complying with the spirit. Much more detailed disclosure is needed and should be addressed in time for next year’s annual reports and accounts.”
