Bellway directors reduce salary and donate it to charity
Reading time: 1 minute
The directors at Bellway have voluntarily agreed to a salary cut which the housebuilder will match-fund and donate to charity.
The temporary 20% reduction in basic salary and fees, back-dated to April 1 and remaining in effect until May 31, will be donated to various charities.
The company will then match-fund these donations with a contribution to its national charity partner, Cancer Research UK.
In a statement to shareholders today, the board said: “Bellway plc announces that, in light of the COVID-19 crisis and its extraordinary impact on the business and the wider economy, the board of directors have agreed to a voluntary, temporary 20% reduction in basic salary and fees effective from 1st April until 31st May 2020, which will be donated to various charities.
“The company will match-fund the donations with a contribution to its national charity partner, Cancer Research UK whose important work and fundraising capacity has been adversely impacted by the COVID-19 pandemic.”
- Read all of our articles relating to COVID-19 here.
Share this article:
Subscribe to our newsletter to not miss articles like this one:
SUBSCRIBE
