Unilever has proposed to change the way executives and directors are paid in a bid to make them act more like owners of the business. The changes will put a greater emphasis on long-term employee stock ownership, Unilever said in its 2016 annual report released late Tuesday, and will be voted on at the company’s annual shareholder meeting in April.
Unilever Set to Change Compensation Structure to Instill Owner’s Mindset
The proposals come after a tumultuous week and a half for the Anglo-Dutch consumer goods giant, which rebuffed a $143 billion takeover offer from Kraft Heinz on Feb. 17 and announced a strategic review of its business on Feb. 22. “Unilever is conducting a comprehensive review of options available to accelerate delivery of value for the benefit of our shareholders,” Unilever said last week.