China Gas board members take US$3 million remuneration cut to compensate victims of deadly Hubai gas pipe explosion

Source: China – South China Morning PostThe board of China Gas Holdings has announced it will give up nearly half of its members’ earnings to compensate victims and their families after a deadly gas explosion in Hubei province last month caused by the rupturing of corroded gas pipes.The board, consisting of five executive directors, two others with non-executive roles and four independent non-executive directors, together agreed to forgo a total of HK$22.5 million (US$2.93 million) from their remuneration. The sum will be distributed…Read More

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