Freight haulage giant QR National is looking to make alterations to its compensation terms in a bid to make it easier for their executives to hit targets in an increasingly difficult haulage environment following extensive flooding earlier this year.

 

"The offer document incentive targets were out of alignment following the impacts of these extraordinary events," Chairman John Prescott told the company’s shareholders at its AGM.


"Without normalising the incentives to take this into account, QR National executives would have next to no equity in the business for the next three years."

 

Mr Prescott described that result as an ‘unacceptable outcome’ for a team of executives who were responsible for mitigating the effects of the floods on the business.