French mutual kept FSA informed over Swinton board developments
French mutual Covea tipped off the FSA about its decision to sack the entire Swinton board over performance related pay.
The decision to clear out the entire Swinton board shocked the insurance industry. It comes at a time when the government is focuses on making director pay more transparent for shareholders.
Aviva trading director Phil Bayles said the insurer had a good relationship with Swinton, and would continue to do so with the new management.
No comments yet