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Network Rail
Here’s a man who could teach our MPs a thing or two…
Network Rail’s chief executive, Iain Coucher, today announced that he would be forgoing any annual bonus this year. Mr Coucher has informed the company’s remuneration committee that he has taken a personal decision to withdraw from the annual bonus scheme for the year, 2008/9. The incentive scheme focuses achievement on delivering a safe, reliable and efficient rail network over the short- and long-term. The Network Rail bonus scheme comprises two parts; the short term, annual bonus element and the long term element designed to replicate share options within a plc. It is the first part which Mr Coucher is withdrawing from. Iain Coucher said, “Today I want to be able to talk freely about Network Rail’s story of success and how it has delivered for passengers not just last year but over the last five years without this story being clouded by controversy. In the last 12 months we met or exceeded almost all of the tough targets set for us by our independent regulator.”