Former chief executive sent to prison for six months but will keep $1.65m in outstanding pay awards
“We recognise that our remuneration structure is different in some respects from a typical UK package,” said Daniel Phelan, the chair of Indivior’s remuneration committee, in the company’s annual report. You bet.
The difference isn’t only the size of the rewards that executives can be paid at the London-listed but US-focused drugs company spun out of Reckitt Benckiser in 2014. It is also the fact that a chief executive can be sent to prison for six months and still be regarded as a “good leaver” for bonus purposes. That probably wouldn’t happen at a “typical” UK company.
Related: Indivior faces shareholder revolt over ex-chief’s bonus
