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G4S to claw back 2009 executive bonuses if next two years' results don't match forecasts

/hro/news/1017139/g4s-claw-2009-executive-bonuses-results-dont-match-forecasts

28 Apr 2009, David Woods, HRO

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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."

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