CAIRN Energy is facing fresh controversy about executive pay after a corporate governance specialist voiced renewed criticisms of the oil and gas firm's executive pay policies.
In a report prepared ahead of Cairn Energy's general meeting tomorrow, Manifest highlighted wide-ranging concerns about board remuneration policies at the company, which it reckons are too generous.
"Total remuneration is considered to be positioned above expectations given the company's size and scale, its sector and its performance," says Manifest.
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