24 Nov 2009

Centaur Plc - bringing discretion into disrepute

Many companies have a discretion to make additional or increased awards in exceptional circumstances; usually recruitment etc.  Centaur plc has a new view on this discretion  - the lack of value under existing awards (presumably due to performance and / or share price value) constituting exceptional circumstances.

TSR is also described as the Net Return Index as calculated by a specific financial information provider as selected by the committee.