Aviva CEO won't accept 2012 salary rise

Image
Bloomberg
Last Updated : Jan 21 2013 | 4:10 AM IST

Aviva Plc, UK’s second-largest insurer by market value, said Chief Executive Officer Andrew Moss would not accept his 2012 salary rise. The move follows talks with shareholders on whether the compensation of executive directors reflect the firm’s 2011 performance, London-based Aviva said on Monday. Moss’s salary was due to rise five per cent to £1 million ($1.6 million) in April from £951,000 last year, according to the company’s annual report.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 01 2012 | 12:01 AM IST

Next Story