Remuneration committees are in the line of fire for all the right reasons. If they fail to consult shareholders, repeatedly override policies in order to reward lacklustre executives, or retroactively scrap performance measures, they deserve to be shot at. But there’s no reason for governance activists to blast away without taking proper aim. That’s what has happened at DSG International, whose annual meeting is on Wednesday.
The electronics retailer’s board will enter the lion’s den at the Watford Colosseum to snarls from Pirc, the investor advisory service. DSG’s crime? It plans to ask 90 top executives to sacrifice part of their cash salary for share options with no performance conditions.

COLUMNISTS 

