More top directors get bonuses

IN A FURTHER indication of economic recovery, more of Britain's highest-paid directors are receiving bonuses, according to the latest survey of board earnings by Monks Partnership, the remuneration advisers, writes Roger Trapp.

Board Earnings in FT-SE 100 Companies found that the number of the best-paid directors - either chairmen or chief executives - who failed to receive a bonus fell from 23 last year to 14.

Eighty per cent of companies saw a rise in pre-tax profits, compared with 70 per cent last year.

Where a bonus was paid it was equivalent to a quarter of basic salary for those in industrial and commercial companies and a third for those in the financial sector.

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