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Centrica – Iain Conn and the NEDs: if you think this is acceptable it is time for your P45s

By Nigel Somerville | Sunday 14 April 2019


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


I am a patient investor and Centrica has had its fair share of problems. Some have been self-inflicted (losing customers), some imposed on it (the government price-cap) and some hark back to the previous regime and others are just a difficult market. As a shareholder, I’m sure the board will do what is necessary to get things back on track. Yet in the face of falling profits and the dividend under serious threat I see monster pay rises. That, in my view, is totally unacceptable.

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