Soon after taking over as chairman in April, Mr. O'Neill put himself in charge of the five-person board group that sets executive pay.

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Further consultation meetings are planned, including with countries of Asia and the Pacific Group (ASPAC), to be held after the information meeting with the Member States of the Executive Board, and also with the Group of Arab States.

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Deutsche Bank had devised a way round the requirement: in 2002 it set up a group executive committee that was independent of its two-board structure.

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Last week, the board fired its executive director and earlier in October a watchdog group discovered that the instructions on the ballot were incorrect.

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The police union's executive committee unanimously recommended last week that Gore should get the group's endorsement when the full board of trustees considers the issue in the fall.

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In its proxy statement, Enron's board said its goal was to set executive pay in the 75th percentile of its peer group.

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