Vodafone Group PLC - Proxy report - 27/07/2018
Leadership Changes
The current CEO, Vittorio Colao, has resigned, though he will continue with the Companyuntil September 30, 2018. On October first, Nick Read, current Chief Financial Officer,will assume the role of CEO while Margherita Della Valle, currently Deputy Chief Financial Officer, will suceed Mr. Read as CFO.
Item 15: Approve the Remuneration Report
The structure is weighted more towards rewarding long-term performance. However,both potential and actual incentive pay was excessive. Furthermore, there are overlapping performance conditions as FCF was used for both the STI and LTI.
Vodafone Group provides mobile and fixed telecommunication services including: access charges, voice and video calls, messaging, interconnect fees, fixed and mobile broadband and related services such as providing televisual and music content, connection fees and equipment sales. Co. provides a range of consumer products and services including mobile, fixed voice, broadband and television, financial as well as other services to operators outside its footprint. Co. also provides a range of enterprise products and services including total communications such as mobile, fixed and a suite of converged communications services, internet of things, cloud and hosting and carrier services.
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