UK: Directors privileges at food majors might weather the storm
Proposals to slash the benefits of company directors are expected to be softened this week, after a government-commissioned review addressed criticisms made to its original findings. Major UK food companies such as Cadbury Schweppes reeled from the proposals made by the review's steering group last November to curtail the length of directorship contracts to one-year contracts and impose upper limits on the amounts given in severance packages. Many argued that it was necessary to retain the flexibility to offer longer contracts and higher severance pay if they to be able to attract and retain the best directors from overseas.
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