stand and de-liver, page-22

Things have changed (see last sentence second paragraph):

"In explaining the operation of the BWC, Solagran Director and KBA Chairman Denis Kilroy said it was important to remember that wealth creation was determined by the extent to which the return on the market value of the shareholders' investment exceeded that required to conserve wealth. What happened to the RWC & BWC approved in 2007.

"For many companies, an annual share price increase of 5-10 percent won't constitute wealth conservation, let alone wealth creation" he said. "Unfortunately there are lots of schemes out there that fail to take this into account. They reward share price increases as if they represent wealth creation. This is particularly true with schemes involving options, which are often not aligned properly with the goal of shareholder wealth creation. Solagran will never use options as part of an incentive plan."

http://www.itnews.it/news/2007/0917141201930/solagran-adopts-shareholder-friendly-approach-to-executive-pay.html