THE GREENBURY REPORT ON DIRECTORS REMUNERATION

Discusses the recommendations of the Greenbury Committee on the remune ration of directors in public companies. Specifically comments on the following issues: the establishment, membership and status of remunera tion committees in public companies; the determination of remuneration policy for executive directors; the disclosure and approval of the de tails of remuneration policy; the length of service contracts and the determination of compensation when these are terminated. Suggests that progress in implementing them should be monitored, given the importan ce of the Greenbury proposals.