UK National Lottery operator Camelot said it will review how it reports the pay of its senior management after being accused of hiding payments made to its chief executive Dianne Thompson.The statement comes after Thompson was revealed by the Sunday Times earlier in the week to have received £2.1m last year as an unnamed shadow director of Camelot Business Solutions, a small subsidiary of the lotteries group.
“We acknowledge the specific concerns raised regarding executive compensation disclosure and we will be addressing these for future filings,” Camelot owner Ontario Teachers’ Pension Plan said in a statement.
“As the group CEO and thus Camelot’s most senior executive director, Dianne Thompson’s pay has always been disclosed fully.”
It is not clear if the group received any tax advantage from the set-up, although the arrangement is thought to reflect the global ambitions of Camelot, which will mean that a decreasing proportion of Thompson’s time will be dedicated to the UK lotteries business.
source : www.totallygaming.com