Board directors of Dixons Carphone have asked for their annual bonuses to be paid in shares and deferred for two years.
That is one of the items outlined in the annual report which says the decision was made because they were "mindful" that the results of their attempts to make changes to the business are "not yet reflected in the share price". (See chart above.)
As of next year, the company is planning to introduce such a deferral of bonuses, along with other measures including ending an ability to offer new-joiners pension contributions of 20% of their salaries.
Chief executive Alex Baldock was paid £1.7m, including the £619,000 bonus while new finance director Jonny Mason received £626,000.
They will however get their long-term bonus award of shares - based on performance over the next three years - of 250% of their salaries, the committee said. (Vodafone has made an announcement about this, see earlier post.)
This was after the "[remuneration] committee gave detailed consideration as to whether the overall size of the award should be scaled back in response to the fall in share price".
Among the factors taken into consideration was their decision to defer their annual bonuses.
Around 31,000 staff also received share-linked bonus awards.