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A resolution has been reached in a dispute between shareholders in Walls Construction over a proposed “growth share scheme” the firm said was designed to reward and incentivise new management.
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Differences arose over a proposed ‘growth share scheme’ designed to reward and incentivise new management
WCHL wholly owns the shares in the construction firm, which was founded in 1950 by PJ Walls.
A proposed growth share scheme for Walls Construction is needed to retain key people in the business and to incentivise management to work towards financial targets, the Commercial Court has heard.
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Proposed scheme would recognise and incentivise next generation of management, chief executive of building firm says