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RBS pension row: a lesson learnt – but at what cost?

Can those who approved Sir Fred's pension be sued by shareholders? The note from "Frustrated Inverstor" says "The directors that approved the arrangement also need to consider whether they have fulfilled their fiduciary duties ....". This could be a productive line to follow. Even the threat of action against them as individuals would be likely to worry members of remuneration committees. That might have a more beneficial effect than any amount of well intentioned but toothless government warnings.

11-Mar-2009

1:48 am