Best practice on executive contracts and severance
Best practice on executive contracts and severance - a joint statement by the Association of British Insurers and the National Association of Pension Funds
(The ABI and NAPF, whose members are leading institutional investors in UK markets, have published this statement of best practice setting out the expectations of shareholders that boards negotiating executive service contracts will give careful consideration to the risk of inappropriate termination provisions leading to "rewards for failure".)

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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