David Cameron: civil servants to decide whether to strip former RBS chief Sir Fred Goodwin of his knighthood Royal Bank of Scotland's remuneration committee, which meets today, is under pressure from the Government to halve chief executive Stephen Hester's bonus. The Treasury is expected to tell bosses at the majority taxpayer-owned bank that Mr Hester should receive no more than £1 million this year. The coalition announced moves to crack down on boardroom excesses earlier this week. David Cameron has refused to say whether he will seek to limit Mr Hester's pay, but reports on Wednesday suggested that he is now insisting on a cap at £1m. The RBS remuneration committee has reportedly been considering a bonus of £1.3 million to £1.5 million for its highly-regarded leader. Government sources said that it was felt that Mr Hester's bonus had to be lower than last year and that the remuneration committee needed to look at overall bonus structure when it met today.