Initial response to FRC consultation
A welcome and necessary tightening up - and sharpening up - of the combined code. Businesses will have to take note and act
The High Pay Centre welcomes the FRC's proposed reforms to the combined code, set out in its consultation document:
The emphasis on involving the views of the workforce and recognising the interests of stakeholders is welcome. "Shareholder primacy" is still a misguided and too narrow a guiding mission for business.
No incentive plan which pays out after five years should be labelled "long term". But insisting on a five rather than three year period for such shemes is a modest improvement.
LTIPS remain a flawed instrument which should be dropped, however.
We look forward to working with the FRC as it proceeds with this important consultation.
Since 1 January 2018 the average FTSE 100 CEO has earned:
Income inequality in the UK
Wealth inequality in the UK
- Speech given by Chuka Umunna MP at IoD Feb 8 2018
Here is the text of the speech given by Chuka Umunna MP at our event held at the IoD on Feb 8th 2018
- Chuka Umunna - how much progress on taming excessive executive pay?
Pamphlet presented by Chuka Umunna MP at a High Pay Centre event held at the Institute of Directors, London, on February 8 2018
- News - Chuka Umunna to speak at HPC event at the Institute of Directors, Feb 8th at 8am
We are delighted that Chuka Umunna has chosen to share his thoughts on "The Progressive Case for Business" on Feb 8th from 8am