The fees paid to remuneration consultants who advise boards will have to be disclosed.
There has to be a new reality to remuneration and we will encourage that.
We find it offensive and untrue that we acted improperly in relation to remuneration.
Some of the money went for "advice in relation to remuneration," which presumably means consultations on how much executives should be paid.
In the final quarter of the year, the proportion of revenue allocated to remuneration fell from a typical figure of 40% to just 11%.
Through this Forum, and formal meeting with unions, we continue to seek the views of a diverse range of colleagues on our approach to remuneration.
(After giving birth to octuplets, Suleman had courted interview and reality-TV-show offers. "We believe that the babies are entitled to remuneration," Allred said).
The ABI said: "Shareholders seek an open and constructive approach to communication rather than a purely compliance-based approach to remuneration guidelines based on the advice of consultants".
This morning, Brendan Barber, who heads the TUC, called for employees to be elected to remuneration committees instead of the close-knit group of directors who currently populate them.
Some banks have hired new chairmen who have a good understanding of reputation management, but most are leaving the compensation dialogue to remuneration committees.
