NatWest under Fire for New CEO's £1.2m Salary Despite Limited Experience
NatWest Chief Executive Salary Controversy
Governance advisor Institutional Shareholder Services (ISS) has criticized NatWest for awarding its new CEO, Paul Thwaite, a salary of £1.2m, despite concerns about his 'limited experience'.
The criticism arises in the midst of a wider shareholder backlash in the City of London over generous corporate remuneration practices.
As the government gears up to divest shares in the bank before the upcoming general election, controversy further mounts.
Pay Discrepancy
- ISS argues that Thwaite's salary matches that of former CEO Alison Rose, despite lacking the same level of executive leadership experience.
The situation raises questions about the equity and transparency of executive compensation within NatWest.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.