Record Currency Management cuts boardroom pay

Fund manager responds to decline in profitability against a backdrop of larger firms being punished over non-aligned pay

Board members at Record Currency Management have taken a 10% pay cut in response to a "continued decline in financial performance", in contrast to their peers at the UK's biggest listed companies.

The company, which is part of the FTSE All-Small index, said it had aligned incentives between staff and shareholders. The bonus pool for its group profit-share scheme, in which executive staff participate, is also 75% smaller than it was three years ago, which compares to an 84% fall in the company's share price in the same period.

WSJ Logo
How Trump Got His ‘Big, Beautiful Bill’ Across the Finish LineExternal link

How Trump Got His ‘Big, Beautiful Bill’ Across the Finish Line