Carnwath walks the plank at Barclays

published 25 July 2012

Alison Carnwath, the chair of the remuneration committee at Barclays, has resigned from the board of the controversial British bank.

Citing "personal reasons", Carnwatch has given up here role as a non-executive director of Barclays. "With regret I have concluded that I am no longer able to devote sufficient time to my role as a director of Barclays given my other commitments," Carnwath said.

Carnwath felt the wrath of shareholders at this year's Barclays annual general meeting, as she was head of the committee which sanctioned what many regarded as overly generous pay deals for the Barclays top brass, including Bob Diamond, who subsequently resigned over the LIBOR scandal.