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
- Back to school - September update
It has been an interesting summer...
- Getting the story straight: university chairs’ attempts to deal with Adonis probe in public domain
As the pressure mounts on universities to explain excessive vice-chancellor salaries, the Committee of University Chairs' (CUC) response has been revealed. The text of a recent email is published here.
- Lord Adonis probes university governors on their approach to top pay
Andrew (Lord) Adonis is keeping the pressure up on the universities sector as he questions some excessive vice-chancellor and other top salaries. Here is the text of a letter he has just sent out.