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Legal & General Group is a holding company. Through its subsidiaries, Co. operates in five business segments: Legal & General Retirement, which includes pension risk transfer business and individual retirement and lifetime mortgages; Legal & General Capital, which represents shareholder assets invested in direct investments, and traded and treasury assets; Legal & General Investment Management, which represents institutional and retail investment management and workplace savings businesses; Legal & General Insurance, which includes business in retail and group protection written in the U.K.; and General Insurance, which comprises short-term household and other personal insurance.
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Item 16: Approve the Remuneration Report The structure is considered unsatisfactory as the use of qualitative criteria for the bonus exceeds guidelines and accelerated vesting is possible. The quantum is not considered excessive for the year. However, there are concerns over the performance measures for the LTIP as it is currently overly reliant on EPS, though we welcome that it is no longer linked with dividend payouts. EPS also determines 12.5% of the bonus. Over-reliance on EPS could result in management making decisions to maximize profits for the short term, often at the expense of lon...
LEGAL & GENERAL GP.PLC. (GB), a company active in the Life Insurance industry, now shows a lower overall rating. The independent financial analyst theScreener just confirmed the fundamental rating of 2 stars out of 4, as well as the stock market behaviour of the title as moderately risky. However, environmental deterioration penalises the general evaluation, which is downgraded to Neutral. As of the analysis date May 10, 2019, the closing price was GBp 271.00 and its expected value was estimated at GBp 279.59.
Summary Tokio Marine Kiln Group Limited - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Tokio Marine Kiln Group Limited (TMK), a subsidiary of Tokio Marine & Nichido Fire Insurance Co. Ltd. is an insurance underwriting company. The company offers a range of general and life insurance and reinsurance products and services for individuals and commercial clients. I...
Item 3: Approve the Remuneration ReportThe remuneration structure is satisfactory, though accelerated vesting is possible. Potential and actual total variable remuneration exceed guidelines, but not very much. They are moderate in comparison with UK market practice. Overall, the quantum during the year was not excessive. We recommend shareholders vote in favor.
Item 3: Approve the Remuneration Report The structure is weighted more heavily towards short-term performance. One of the performance metrics for the LTI is the payment of sustainable dividends, which is not considered appropriate as executives can potentially influence the payout level. The LTI also includes relative TSR as a performance metric. Nevertheless, the quantum is not excessive and even maximum potential amounts are moderate. On balance, we recommend shareholders vote in favor. Item 4: Approve the Remuneration PolicyThe main concern with the Company's remuneration policy is that pa...
Item 2: Approve the Remuneration ReportThe remuneration structure is unsatisfactory. The main concern at the Company is that the potential maximum incentive pay including the bonus, matching shares on the deferred portion of the bonus and the LTI amounts to 1000% of base salary, which is considered grossly excessive. Actual incentive pay during the year was1.6 times the ECGS limit. Furthermore, variable remuneration is overly reliant on a single performance metric, benchmark profit before tax. A second performance criteria will be used in the coming year. We note that the Company has adjusted ...
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