The Association of British Insurers (ABI) has issued a warning to the shareholders of Cable and Wireless Worldwide over its executive pay policy and its recent boardroom changes.
The ABI amber-top alert was prompted by a boardroom shakeup and recent profit warning at C&W Worldwide, according to the Financial Times.
The ABI also issued an alert to Cable and Wireless Communications, C&W Worldwide's sister company.
One investor recently complained about the pay of C&W Worldwide chief executive Jim Marsh and chairman John Pluthero, who were paid millions of pounds through a pay plan based on share price performance before a company demerger.
C&W Worldwide's share price has dropped 48% since the demerger.
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