What is the High Pay Centre?
The High Pay Centre is a think tank. It was established by Deborah Hargreaves to continue the work of the independent High Pay Commission. The High Pay Centre will look at issues that are crucial to the debate on responsible capitalism. These include whether shareholders are capable of holding companies to account, how far employees should be involved in corporate decision-making and high pay beyond our boardrooms. The centre will produce high quality research to inform the public debate and contribute to policy proposals that will help businesses work more transparently and efficiently.
Who funds the High Pay Centre?
The High Pay Centre’s work is supported by a range of trusts and foundations. We believe that transparency in funding is essential for any organisation providing data and publishing research and so will publish all those donating over £5,000 on a quarterly basis.
Sources of Funding (2015):
Joseph Rowntree Charitable Trust - £50,000
The Robert Gavron Charitable Trust - £53,000
Lord Sainsbury - £63,500
Friends Provident foundation - £50,000
Friedrich Ebert Stiftung - £10,000
Econostat - £5,000
How much do the staff get paid?
The High Pay Centre staff are paid based on a recognition of the demands of the role and experience of the individual. Their pay is determined by the board of Trustees. There are currently three members of staff:
Stefan Stern, Director, (part-time, 4 days per week) £40,000
Paul Marsland, Deputy Director (full time) £40,000
Natalia Raha, Events and Office Manager (part-time, 2.5 days per week) £12,500
The Trustees and the Advisory Board serve in a voluntary capacity and receive no remuneration.
Since 1 January 2017 the average FTSE 100 CEO has earned:
Income inequality in the UK
Wealth inequality in the UK
- Full text of joint CIPD/HPC submission to UK BEIS department Feb 2017
This unprecedented joint submission signifies the importance of this moment: an opportunity to make meaningful, lasting reforms to executive pay and boardroom culture and practice
- Joint HPC/CIPD response to government corporate governance green paper
Reform of pay and governance structures matter to all employees. We are pleased to make a joint submission with the CIPD
- Fat Cat Wednesday 2017
Welcome back to work. FTSE100 bosses will have already clocked up an average annual UK salary by lunchtime today.