FTSE 100 CEO pay drops – but hold the cheers, say pension funds

first_img“However, any complacency would be wrong,” he added. “PLSA research has suggested that many companies are not listening to feedback from shareholders on this issue and the vast majority of pension fund investors think that pay gaps between executives and the wider workforce are too large.“Our members will be concerned by the fact that multi-million pound pay packages remain the default arrangements for CEOs, despite an absence of convincing evidence that they are necessary to incentivise or reward good leadership.”The 17% reduction drops to 15% if the pay of Martin Sorrell, chief executive of WPP, is excluded. He was the top earner in 2016, although his pay dropped by more than the average for the 25 highest-paid FTSE 100 CEOs.The CIPD/High Pay Centre analysis also showed that the average CEO was paid 129 times more than their average employee, down from a ratio of 148:1 in 2015.Increased pressure from investors and politicians as well as public opinion was said to be behind the drop in CEO pay.Investors have linked it at least in part to their efforts.Sacha Sadan, director of corporate governance at Legal & General Investment Management, said the asset manager had last year published revised pay principles and a paper highlighting inequality, which it sent to FTSE 350 executives.“We are encouraged by the progress being made and will continue to push companies to address pay inequality between CEOs and employees in order to achieve pay structures that are aligned with all stakeholders,” he said.A spokesperson for the Investment Association said: “The fall in CEO’s pay packages shows that FTSE 100 companies are listening to the demands of their shareholders and this is a welcome step in restoring public confidence in executive pay.“We have seen some companies working in the right direction this AGM season, with several FTSE 100 companies taking into account pay levels when setting their new pay policies.” Flash in the pan?Others pointed to political influence on investors’ behaviour.Charles Cotton, policy adviser for performance and reward at CIPD, and Stefan Stern, director at the High Pay Centre, said investors’ focus on executive pay may have been linked to an assumption that the government would this year seek to introduce legislation with recommendations on pay ratios, worker representatives on remuneration committees and annual binding votes.This assumption had been “upended” as a result of the Conservative party losing its majority following the June general election, they said. “Will the new minority government devote its limited time to reforming the way that big businesses are governed and its leaders remunerated?” they wrote. “Or will it focus all its energy on Brexit?“Our concern is that if the government vacates this space, CEO remuneration will accelerate once more, undermining employee engagement and attempts to boost workplace productivity.”Peter Cheese, chief executive of the CIPD, said: “We have to hope that the reversal in rising executive pay is the beginning of a re-think on how CEOs are rewarded, rather than a short-term reaction to political pressure. The fall in executive pay is a step in the right direction, but it’s still happening within an overall reward system where average wages in the UK have been flat.” In a major campaign speech last year before becoming prime minister, Theresa May pledged to tackle “corporate irresponsibility”, saying there should be binding votes on remuneration packages and that companies should disclose pay ratios.A subsequent government consultation on corporate governance reflected a softer stance, however. Company disclosure of CEO-employee pay ratios was proposed, but neither the idea of annual binding votes on pay packages nor that of electing employees to boards featured in the consultation. UK chief executives’ average pay fell 17% in the past 12 months but shareholders should not become complacent in the push for fairer remuneration, according to the UK’s pension fund trade association.The fall in FTSE 100 CEO pay was revealed in analysis published today by the CIPD, the professional body for human resources, and the High Pay Centre, a think tank.The annual survey found that the average FTSE 100 CEO received an annual pay package of £4.5m last year, compared with £5.4m in 2015.Luke Hildyard, policy lead on stewardship and corporate governance at the Pensions and Lifetime Savings Association (PLSA), said the reduction was “small but significant” and viewed positively by the association.last_img read more

Ligue 1: COVID-19-infected Reims doctor commits suicide

first_imgBernard Gonzalez, the 60-year-old doctor at Ligue 1 side Stade de Reims, has died this Sunday.Advertisement Loading… Promoted ContentThe Best Cars Of All TimePlus-Size Babes Who Will Make Your Heart RaceCouples Who Celebrated Their Union In A Unique, Unforgettable Way8 Best 1980s High Tech GadgetsWhich Country Is The Most Romantic In The World?6 Stunning Bridges You’ll Want To See With Your Own Eyes7 Mind-Boggling Facts About Black HolesThis Guy Photoshopped Himself Into Celeb Pics And It’s HystericalThe Very Last Bitcoin Will Be Mined Around 2140. Read More7 Non-Obvious Things That Damage Your Phone7 Worst Things To Do To Your PhoneBest Car Manufacturers In The World Read Also: Italian FA open to restart Serie A in September or October“This pandemic has hit Reims in the heart and we’ve lost a great person and a great professional.“This has shocked us.”The club also put out a tweet expressing the sadness at the institution.FacebookTwitterWhatsAppEmail分享 center_img This was reported by Le Parisien, who added that his wife was also infected and that he left a letter behind explaining the links between his decision and the virus.“I’m thinking of his family,” Arnaud Robinet, the mayor of Reims, told Le Parisien.“He is collateral damage of COVID-19 because he had tested positive and was in quarantine.“I know he left a letter explaining his act, but I don’t know its content.”Jean-Pierre Caillo, the president of the club, also spoke of his shock.“Words fail me,” he said. He is believed to have committed suicide after being diagnosed for the coronavirus.last_img read more

Changes made to IGG squad… I have final say, says GABF president

first_imgPRESIDENT of the Guyana Amateur Basketball Federation (GABF) Nigel Hinds has made a final decision on the Internet Guiana Games basketball squad.The initial squad was selected by president of the Guyana Amateur Basketball Association (GABA), Junior Hercules after trials concluded on October 2.However, the changes to the squad were highlighted in a press release by Hinds yesterday.According to the release, the new squad includes Tahquille Johnson and Akinni Wilson of Linden, Stanton Rose, Damair Gladstone, Troy David, Dellon Wallace and Jamol Gilkes of Kwakwani. The Georgetown-based players include Nathan Saul, Roger John, Malcolm Powdar, Sabastian Luke, Timothy Thompson, Patrice Agrippa, Akil Vaughn, Jaleel Duke, Travis Belgrave and Terrence Daniels.Berbice will see representation from Sherland Gillis, Neil Wills, Tafawa Daly and Ramone Fogenay.The coaching staff includes head coach Junior Hercules with assistant coaches Naylon Loncke and Julian Haynes. Troy Greene has been named manager.On the female side, the Georgetown-based players are Kesann Charles, Ruth Sanmoogan, Jada Mohan, Demelza Nicholas, Analisa Barclay and Ashley Khan. Kwakwani will see representation from Janelle Belle, Makeda Rogers and Kennesha Leacock with Saffiya Greene, Tandika Bouyea and Toshieka Arthur from Berbice.The coaching staff comprises head coach Ann Gordon, assistant coaches Kirk Fraser and Dave Causway while Deborah Solomon has occupied the team manager position.In a recent comment to the Guyana Chronicle, Hinds had stated: “Kwakwani has the best players in the country and there needs to be more Kwakwani representation in the squad and ultimately I have the final say.”Guyana will be playing against Suriname on October 21, 22 and 23 at the Cliff Anderson Sports Hall.last_img read more

Men’s soccer can’t get win in home-opening weekend

first_imgUW senior Aaron Nichols and the Badgers could only manage a draw against Dayton after losing their home opener to San Diego State Friday night.[/media-credit]It was a tale of two games.While the Badgers weren’t able to produce a win at McClimon in their home opening weekend, they looked like two completely different teams between their Friday night game against San Diego Sate University and their tournament finale on Sunday against Dayton University.Walking away with a 0-0 tie against Dayton in a physical game wasn’t exactly what the Badgers were hoping for, but they played like a well-rounded team. They just couldn’t find the back of the net.“I’m content with it right now to get a result, to get the tie,” senior captain and midfielder Aaron Nichols said. “We still have to figure out how to score some goals and give our defense a little bit of a break. They did a phenomenal job though getting the shut out for us and holding out all 110 minutes.”The stat sheet may only show Wisconsin had three shots on goal, but it kept momentum throughout the game, controlling the ball on Dayton’s half of the field, producing multiple scoring opportunities.“I thought we played well in the first half and I thought we played well in the second half,” head coach John Trask said. “We dominated a Dayton program that historically is a pretty good program.”After 90 minutes the scoreboard didn’t reflect the Badgers’ domination, pushing the game into overtime. With three minutes left in the first overtime, Dayton’s midfielder Marlon Duran drew a red card. Wisconsin still wasn’t able to capitalize on the man-advantage through a second overtime, ending the game in a goalless tie.“Everybody thinks it’s some huge numerical advantage, it’s only one guy of 11,” Trask said. “A lot of times the game will turn the other way because they all pick up their energy level. I thought we did a good job. They didn’t get any chances in overtime.“We’re evolving. We learned some good lessons today.”Overall, the Badgers just looked like a different team compared to their Friday night performance.Nichols attributes the style change to increased intensity and the desire to make a statement.“I think that was a huge part of it just trying to get more shots,” Nichols said. “We came out confident, we came out with intensity. We wanted to go out and play and we wanted to make a statement. It’s tough going down four losses, losing those early goals. We wanted to come out and not lose an early goal and come out with intensity. That’s what everyone did and it was tremendous.”Before the Badgers revealed their domination Sunday, in Friday night’s game against the Aztecs the squad just couldn’t seem to put a strong and consistent offensive attack together.For their home opener in front of 1,022 fans, the Badgers were hoping for a very different result.“It was a great crowd that we had tonight, that was a big thing,” senior captain and goalkeeper Ryan Vint said. “The support that the community showed for us was just awesome. I wish we could have given them a better show with the result. I hope that they don’t jump ship on us. They gave us energy especially in the last 20 minutes there and that’s what kept us going and I can’t thank them enough.”While the Badgers weren’t quite as dominating Friday night, they still killed most of the Aztecs offensive attacks. But in the 36th minute, SDSU defender Daniel Steres buried a rebound off of Vint, scoring the lone goal of the game.Vint isn’t making any excuses for the goal.“I’m not going to make excuses,” Vint said. “I should have had it. 99 out of 100 times I’ll make that save and hold onto it. I thought too far ahead instead of watching the ball into my hands. I was thinking the next play in my mind. I should have just concentrated on catching the ball. But I’m going to learn from it and never make that mistake again, that’s for sure.”Although SDSU only made one goal, UW defenders had a busy night keeping SDSU from crashing the box and creating more scoring chances.For freshman defender Paul Yonga, a loss at home in his first game wasn’t ideal by any means. Yonga feels the goal was disappointing, and could have been avoidable.“I think we need to concentrate – we need to concentrate for the whole 90 minutes,” Yonga said. “Those times when we get tired and our mind drifts off and we’re not all on the same page, we need to stay on the same page and not give up some weak goals like that and we’ll be alright.”Despite not getting a win at home yet, Trask still feels confident his team is building a strong home-field advantage.“I’d say it was a pretty good fortress,” Trask said of the game against SDSU. “I didn’t see them get that many chances on our goal. That’s what building that fortress is. We’re building it. I thought we were pretty good defensively against a pretty good attacking team. They had a few shots from a distance, but they didn’t have much penetration through our box. In that respect I thought we really stepped up in that part of the game.“It’s something we can build off of.”last_img read more

GoWild continues expansion with opening of Malta subsidiary

first_img StumbleUpon Share Share Alberto Alfieri: Leading the way for Gamingtec’s B2C growth August 25, 2020 Submit Sweden: Soft2Bet CEO Chaikin on prospering in igaming’s brave new world August 18, 2020 Related Articles TVBET passes GLI test for five live games in Malta and Italy August 25, 2020 GoWild has announced the opening of its Malta subsidiary in June this year. The new office will house a dedicated team who will purely focus on the company’s continued growth in the Nordic market.The office in Malta is GoWild’s second physical office, which, until now, had been exclusively based in Bucharest, Romania. The company cites the huge boost in business as a direct result of its proprietary gaming platform’s performance.The platform, introduced in Q1 2017, features more than 1,500 games from 20 top software providers including the likes of Microgaming, Net Entertainment, Evolution Gaming, Scientific Gaming, Yggdrasil Gaming, iSoftBet, Play’n GO and plenty more.Through the proprietary platform, GoWild has been able to offer players great content from leading gaming providers thus giving consumers a truly personalised gaming experience. It comes just six months after GoWild relaunched its online gaming services through utilising industry tailored systems provider Finnplay as its principal development and operations platform.Back in January, CEO Itai Zak outlined to industry stakeholders that GoWild would compete by implementing a ‘multi-product, multi-brand and vertical’ strategy.“The introduction of our revolutionary new gaming platform was a tremendous success,” said Zak. “Our existing players love it, and it’s been extremely successful in attracting new players, especially from the Nordic market. As such, we’re excited for the opportunity to expand our operations to Malta, where we have an exceptional team in place, to serve the needs of our Nordic players and affiliates alike, with the highest level of professionalism and expertise.”last_img read more

10 things you need to know about Hearts’ new coach

first_imgHearts of Oak are set to appoint 46-year old Kenichi Yatsuhashi as coach. The Japanese is relatively unknown on the continent and his appointment still comes as a surprise to many.Who is this Japanese American and what do we know about him?1.    Yatsuhashi played football professionally for a Division II team in Brazil.2.    Kenichi was born in the United States of America.3.    He has been residing in Brooklyn, New York but spends some time in Japan for holidays. 4.    Kenichi was the head coach of male and female ASA college (equivalent to university in the country) football team for a period of five years.5.    Yatsuhashi speaks two main languages – English and Japanese.6.    Yatsuhashi is active on social media and has been actively updating his Twitter, Facebook and Instagram accounts.7.    Kenichi is a renowned youth coach in the States and his coaching stints have mostly been with junior sides. 8.    He has certificates in grassroots soccer as well as goalkeeping certificates.9.    He will be the seventh foreign coach for Hearts of Oak in the 21st century. Other foreign names to have taken the role are German Ernst Middendorp and Sanzio Bahner, Serbs Kosta Papic, Nebjosa Vuvucevic, Bulgarian Mitko Kostadinov Dobrev and Isreali Eyal Lachman.10.    Kenichi will be the first Asian to take charge of Accra Hearts of Oak in their 104 years of existence.–Follow Joy Sports on Twitter: @Joy997FM. Our hashtag is #JoySportslast_img read more

Australian Open 2019: Novak Djokovic won’t discuss potential Rafael Nadal showdown

first_imgNovak Djokovic refused to entertain questions about a potential Australian Open final against Rafael Nadal after sealing his spot in the last four when Kei Nishikori retired due to injury.Djokovic will face first-time grand slam semifinalist Lucas Pouille, having spent only 52 minutes on Rod Laver Arena before Nishikori quit due to an issue with his right quad Wednesday. Nadal comes up against Stefanos Tsitsipas in the other semifinal, with the expectation that the top two players in the rankings will compete for the title at Melbourne Park on Sunday.World No. 1 Djokovic, aiming to become the first man to win the tournament seven times, was in no mood to discuss the possibility of a mouth-watering showdown with Nadal after staying on course to make history.The top seed replied when asked if he was prepared to face the Spaniard: “Right now it’s my press conference, so it will be nice to talk about me more than Nadal. “If you want to talk about our possible encounter, we talk about that if we both win semis.”3D @DjokerNole, anybody?The world no. 1 leads #Nishikori 3-0. #AusOpen pic.twitter.com/w75zbLxBmN— #AusOpen (@AustralianOpen) January 23, 2019Djokovic expressed his sympathy for Nishikori, who came through three five-set contests to reach the last eight.”I’m really sorry to see him go through pain. He’s had some tough injuries in the last couple of years. I’m sure he’s not feeling great about ending the grand slam this way,” Djokovic said. “But he’s had some marathon matches this tournament that probably have taken the toll on his body.”last_img read more

Grizz romps past Dogs 8-2 as KIJHL enters Final Four

first_imgBrendan Urban and Bruce Silvera, including three goals, each had four points to lead the Revelstoke Grizzlies to a convincing 8-2 victory over the Osoyoos Coyotes Sunday in game one of the Okanagan Confernence Final in the South Okanagan City.The Grizz lead the best-of-seven series 1-0 with game two set for Monday in Osoyoos. The Coyotes had the best record of the regular season, posting an incredible 42-2-2-4 record.Sunday’s contest was the first of the KIJHL’s Final Four. Fernie became the latest team to qualify after the Ghostriders outlasted the Creston Valley Thunder Cats in seven games of the Eddie Mountain Division Final Saturday at the Fernie Memorial Arena.Fernie now meets Murdoch Division champ Castlegar Rebels in the Kootenay Conference Final beginning Monday in the East Kootenay City.Johnny Park scored the winning goal at six minutes of the second period and Andrew Walton stopped 24 of 25 shots to power the Ghostriders to a 3-1 victory.The pesky Cats push the Riders to the deciding game after Colton Meaden scored with a second remaining in the first overtime period to give Creston a 5-4 victory.Game two of the Kootenay Final goes Tuesday in Fernie with the series shifting back to the Sunflower City for games three and four Thursday and Saturday.Back in Osoyoos, the Grizz built a 6-0 lead — with four of the markers coming on the power play — 38 minutes into the game before the Desert Dogs were able to hit the score sheet. Osoyoos out shot the Grizzlies 40-33.This is Fernie’s fifth consecutive trip to the KIJHL Conference Final. The past two seasons the Riders lost to the Nelson Leafs. In 2007 the Ghostriders won the KIJHL title.This season Fernie plays host to the Cyclone Taylor Championship, gaining an automatic bye into the four-team tournament.The Cyclone Taylor Cup is set for March 31 to April 3.sports@thenelsondaily.com By The Nelson Daily SportsIt’s going to take more than just a 90-point season to dethrone the defending Kootenay International Junior Hockey League champs.last_img read more

Dreams will come true in Diamond Mile

first_imgSixteen of the very best horses in the country will today contest the inaugural running of the Supreme Ventures Diamond Mile, which offers a record purse of $13.5 million.The mammoth 14-race pro-gramme at Caymanas Park, which commences 10:10 a.m., will see the remaining 13 races offering purses of $1 million and over. And if that wasn’t enough, purse money will be paid to the first 10 past the post in the Diamond Mile, with a whopping $6.5 million going to the owner of the winner, $2.1 million for second, and $1.25 million for third.The race, which was conceived by the Betting, Gaming and Lotteries Commission, is being sponsored by Supreme Ventures Limited with support coming from Caymanas Track Limited and the Jamaica Racing Commission.With so much at stake and the big guns of racing chomping at the bit to get a piece of the action, it should be a day of huge excitement. All roads will definitely lead to Caymanas Park today.GALAXY OF STARSAmong the galaxy of stars down to run in the Diamond Mile are the 2013 derby and St Leger winner PERFECT NEIGHBOUR, oneof six horses conditioned by 14-time champion trainer Wayne DaCosta; stable-companions SEEKING MY DREAM, who won the derby in June; and ALI BABA, winner of the 2000 Guineas in April; two-time Horse of the Year; TYPEWRITER; the recent Superstakes winner FRANFIELD; not to mention the crack imported horse UPPA TUNE; outgoing champion sprinter POTCHEEN; and, of course, COMMANDING CHIEF.At the weights, the race looks tailored for SEEKING MY DREAM, to be ridden by four-time champion Omar Walker for Member of Parliament Derrick Smith.SEEKING MY DREAM estab-lished himself as the season’s top three-year-old by virtue of having won the derby in June and his close second to ALI BABA and SUPERLUMINAL in both the 2000 Guineas and St Leger, respectively.He catches my fancy, with the conditions of weight allotment for the three-year-olds (53.0kg) decisively in his favour.Since losing the recent Coca Cola Invitational Mile on the line to the lightly weighted PHINEAS on November 14, SEEKING MY DREAM has impressed at exercise. He looked the part when cantering nine furlongs Sunday morning, galloping the last six in 1:13.2, beating his much accomplished stable-companion PERFECT NEIGHBOUR by a length in the process.To say that SEEKING MY DREAM has improved since losing to SUPERLUMINAL in the July 4 St Leger would be an understatement.Indeed, I am expecting him to win on the strength of his near miss in the Invitational Mile when having his first outing in over four months. Toting top weight of 57.0kg that day, SEEKING MY DREAM, with Robert Halledeen aboard that day, chased stable-companion FORTUNEONE-HUNDRED before going by entering the straight, only to be denied on the line by the fast-finishing PHINEAS.NO MISTAKENow better for the run, SEEKING MY DREAM should make no mistake with his derby-winning jockey, Walker, back in the saddle. The Harry Parsard-trained UPPA TUNE is versatile and consistent as they come and given his strong pace, should make a brave bid with champion Dane Nelson aboard. But the biggest danger to SEEKING MY DREAM is his own stable-companion, PERFECT NEIGH-BOUR, who ran on strongly to beat a good field of grade one horses in the Gold Cup over 1400 metres some weeks ago and will truly relish a mile.Other firm fancies on the card are MESSITHEGREAT in the opening race for maiden three-year-olds; FORCE DEJOUR, who has win seven of his last eight races, to rebound in the second; WILL IN CHARGE to go one better in the fifth for maiden two-year-olds; as well as SHINE in the seventh; BRAVE PROSPECT in the ninth; and SILVER CLOUD to complete the hat-trick in the 10th, the SVL Diamond Sprint Trophy over 1200 metres.last_img read more