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Is The Head of Barclays' Pay Committee Up To The Job ?

Barclays Building Sign

The mystery is why Alison Carnwath, former chair of Barclays' remuneration committee, waited so long to put it on the record. It has been long known that she disagreed with Barclays' decision to award Bob Diamond, the then chief executive, a £2.7m bonus for 2011. But she didn't mention her disagreement with the other directors when resigning from the board last July. She merely cited her regret that she was no longer able to devote "sufficient time" to her non-executive duties.