The Local Authority Pension Fund Forum (LAPFF), a £35bn (&euro55.65bn) association of public sector pension funds, is planning to step up protests against over-generous share option schemes for company directors.

The forum, which is being advised by PIRC, a corporate governance specialist, led last week's attack on Carlton's proposed options scheme for its senior executives, because the targets were too low. Stuart Bell, research director at PIRC, said that 'dozens of companies' were likely to be targeted in 2001