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
- New pay ratio reporting rules: success for High Pay Centre campaign
New rules requiring companies to disclose the gap between their CEO's pay and that of their average worker have been published for Parliamentary approval
- New privacy statement
In common with other organisations across the European Union, we are updating our privacy statement in line with the General Data Protection Regulation
- HPC responds to Select Committee Inquiry on Executive Pay
Our response highlights the limited progress of reforms recommended by the Business, Energy and Industrial Strategy Select Committee