"The large increases to salary and bonuses have emerged during a scandal over the sale of the qualification awards business by its former owner, the UK charity City & Guilds London Institute (CGLI), to the international certification company PeopleCert. Last week, Kirstie Donnelly and Abid Ismail, respectively the chief executive and finance director of City & Guilds (C&G), were put on leave as PeopleCert launched an investigation into how it came to acquire the training and awards business from CGLI. The sale had already triggered a statutory inquiry by the Charity Commission, after the Guardian revealed that Donnelly and Ismail were handed million-pound bonuses after the privatisation."
"The increase is believed to include one-off bonuses of more than 4m to those six executives including the 1.7m award for Donnelly and 1.2m for Ismail as well as a cumulative increase of about 13% on salary and payments from an annual bonus scheme, which now appear to total more than 2m for the group of six."
Top six City & Guilds executives saw cumulative pay rise about 240% to roughly £6.2m in the current financial year, including around £4.5m of one-off bonuses and further salary and annual bonus increases. Reported individual awards include approximately £1.7m for the chief executive and £1.2m for the finance director. The organisation has launched a £22m cost‑cutting programme and is reducing the size of its UK workforce. Ownership of the qualifications and awards business transferred from the City & Guilds London Institute charity to PeopleCert, prompting a Charity Commission statutory inquiry and a PeopleCert investigation into the acquisition.
Read at www.theguardian.com
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