Investors set to fight incentives

CABLE &amp; Wireless&nbsp; is set to face a difficult annual shareholder meeting this week, with investors angry over a proposed incentive plan that could quadruple directors&rsquo; pay.<br /><br />In May, Tony Rice, chief executive of the C&amp;W International unit, received &pound;3.9m in shares under the long-standing performance related scheme and immediately sold them in the market, reaping around &pound;5.5m.<br /><br />The Association of British Insurers has issued the company with a &ldquo;red top&rdquo; alert &ndash; its most serious warning indicating a breach in corporate governance best&nbsp; practice.