AGM management board survived a possible shareholder revolt over executive pay, however, the bank did warn that there were difficult times ahead and that there will further cost cutting. But Sandy Crombie, the former Standard Life chief executive who now heads RBS’s remuneration committee, said that challenges faced by the bank were “far from ordinary” and that the pay packages for executive directors reflected this. CEO Howard Davies added though, at the The Royal Bank of Scotland's in RBS , that the heaviest restructuring would be over by the third year .
AGM management board survived a possible shareholder revolt over executive pay, however, the bank did warn that there were difficult times ahead and that there will further cost cutting. CEO Howard Davies added though, at the The Royal Bank of Scotland's in RBS , that the heaviest restructuring would be over by the third year .