G4S' annual report for 2008 states: "Any deferred shares awarded and dividends arising from these shares could be clawed back if the 2009 profit figures are restated materially in line with a recommendation by the Audit Committee within two years of the end."
A spokesman for G4S told HR magazine: "Remuneration is already linked closely with results at G4S. If targets are met for 2009, senior executives will receive a bonus but, following this, if within two years these results have to be adjusted, the Audit Committee can recommend bonuses are taken back by the company."
G4S to claw back 2009 executive bonuses if next two years' results don't match forecasts
Security firm G4S has pledged it will 'claw back' bonuses executives receive this year, if the results for the next two years are not in line with its predictions, as a means of securing the company's long-term future.
