Statement on BP shareholder vote
A great moment - be part of it
The 59% vote against BP's remuneration report is a remarkable and welcome development.
Remuneration committees have got to use what is called "discretion", that is, do their job.
The shareholders have said: you have gone too far, and this level of pay cannot be justified or accepted.
The board must think again.
Since 1 January 2018 the average FTSE 100 CEO has earned:
Income inequality in the UK
Wealth inequality in the UK
- Are Chief Executives overpaid? Blog by HPC founder Deborah Hargreaves
Author of new book on top pay calls for a new corporate ethos - contact HPC to attend the launch on 11 October
- HPC at party conferences
Come to our events at Labour and Conservative Party conferences
- HPC response to consultation on the Wates Principles for the governance of privately-owned companies
Large private companies should be subject to the same high standards of stakeholder engagement as publicly-listed counterparts