Adventis PLC
Implementing an Executive Pay Review
In any public company the renumeration of the board is a key issue - it is essential that senior executives are rewarded competitively for their successes and incentivised to stay with the business. Innecto recently carried out an executive pay benchmarking review for one of the UK's largest communications consultancies, an exercise which required sensitivity, diplomacy and understanding of how to tread the line between the different perspectives of the executive team and the Renumeration Committee.
Adventis Group plc is an AIM listed, full service marketing and advertising agency which provides communication services to the healthcare, financial service and property sectors. In 2007, the Chief Executive, Charles Phillpot and Chairman, Peter Mitchell decided that a review of executive pay was due - the company had grown fast and they wanted to ensure the renumeration levels were keeping pace with the industry.
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