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.
Our current sources of funding for projects in 2018/19 are:
- The Joseph Rowntree Charitable Trust - £50,000
- The Chartered Institute of Personnel and Development (CIPD) - £50,000
- Trust for London - £35,500
Funding from previous years can be found via our annual accounts, listed via the Companies House website.
Since 1 January 2020 the average FTSE 100 CEO has earned:
Income inequality in the UK
Wealth inequality in the UK
- High Pay Centre Briefing: Corporate Response to the Economic Shutdown
At least 18% of FTSE 100 firms are using the UK Government's furlough scheme. 37% have cut executive pay and 33% are withdrawing or withholding dividend payments
- Blog: we can’t do more for low-paid workers without tackling excess pay at the top
recognition of low-paid workers is welcome, but for things to change, we need tough choices not warm words. Changes to corporate governance structures, stronger trade union rights and more progressive taxation
- Conditions are critical: publicly-funded bail-outs for private companies
Government bail-outs of large businesses affected by the coronavirus must include social and environmental conditions including fair pay, fair tax contributions and worker representation on company boards