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Salary consultants brought in by the Co-op based the proposed remuneration packages on comparisons with FTSE 30 and FTSE 100-listed companies of a similar size to the mutualised group that is owned by its 8 million members.
During the employment panel of 13 September its proposed remuneration for the post was between £140,000 and £145,000.
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At a bankruptcy hearing on July 21st for LyondellBasell, a petrochemicals giant, a judge will rule on a proposed $32m remuneration package for its putative new boss, James Gallogly.What is clear is that law firms are doing very nicely out of corporate failure, as usual.
It proposed that remuneration for drugs used to treat HIV/AIDS, TB and malaria not exceed 1% of the retail price.
Shareholders at that company's annual general meeting last year voted down proposed million pound remuneration deals for executives.
He proposed that the remuneration for ordinary members be reduced from £19,400 to £12,000 pa.
In terms of provider payment, the design proposed a flat remuneration rate per inpatient day.
Last month, 27% of Barclays shareholders voted against its remuneration report, while miner Xstrata and Premier Foods have also seen large numbers of shareholders vote against proposed executive pay increases.
In June, the Salaries and Remuneration Commission proposed a 15% cut on their monthly salary of $7,200 (£5,500), as well as a reduction of some of their generous allowances, as part of a plan to slash the public sector wage bill.
Shareholders were expected to cast advisory votes on the executive remuneration arrangements proposed by a firm's board.
The briefing paper, given to council members before the decisive meeting in November, makes clear that the BMA's remuneration committee proposed the rises after taking advice from external experts in how much senior officers should be paid, given the skills and pressures involved.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com