TUC is calling on shareholders of manufacturing firm Corus to oppose the
company’s remuneration report at its annual general meeting next Tuesday.
union wants Corus to be more sensitive about executive pay at a time when jobs
are under threat.
TUC is angry that the remuneration committee at Corus will increase the total
bonuses available for executives, while other employees operate under the
threat of redundancies and a pay freeze.
voluntary combined code (section B.1.3) of good business practice requires
remuneration committees to be sensitive to the wider pay and conditions
picture, especially when determining annual salary increases.