The world’s largest mobile operator, Vodafone, will change its pay strategy for senior executives. Following several meetings with investors, the company will make its directors’ performance targets much harder.
As a result, executives will be less likely to receive large bonuses in the form of stock options. The UK-based company was widely criticised last year, when it awarded its management millions of dollars in bonuses despite a flagging share price.
The company will explain its new pay strategy in full when it issues its next annual report in June this year.