The antidote

From the Daily Telegraph:

Directors at Jessops are contractually bound to receive as little as a week’s payoff if they are fired after a big fall in the company’s share price, according to the camera equipment retailer’s annual report.

The clause, which was agreed by Jessops’ two executive directors when the company floated in November, has been hailed as an “innovative approach” by corporate governance campaigners to tackle the issue of directors being rewarded for failure.