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BT plans to make changes to management pay process

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By Reuters
BT plans to make changes to management pay process
British Telecom (BT)'s headquarters is seen in central London, Britain May 10, 2018. REUTERS/Hannah McKay   -   Copyright  HANNAH MCKAY(Reuters)

(Reuters) – BT Group Plc <BT.L> said on Tuesday it plans to make changes to the way it decides management pay, after more than a third of the votes cast at its general meeting were against its 2018 annual remuneration report.

Britain’s biggest telecom group will look to take steps, including considering a broader range of performance factors and wider circumstances, when deciding on pay outcomes, it said.

(Reporting by Arathy S Nair in Bengaluru; Editing by Saumyadeb Chakrabarty)