New Pay Regulations: Two Years On – with Vince Cable
Tuesday 20 October 2015
The Wesley Hotel
81-103 Euston Street
London NW1 2EZ
The 2013 Enterprise and Regulatory Reform Act introduced a number of significant reforms to the executive pay setting process. Britain’s biggest companies are now required to publish a ‘single figure’ detailing the total pay realised by their CEO in the financial year. The act also bound future pay policy to a shareholder vote, held at least once every three years.
This event will hear from Vince Cable, former Secretary of State for Business, Innovation and Skills and architect of the 2013 reforms, discussing their impact and connecting them to Britain’s wider economic future. Given new research by the High Pay Centre showing that average pay for a FTSE 100 CEO is now 183 times higher than median full-time worker in the UK, the effect of the 2013 reforms is a pressing subject.
Cable will also address his new book After the Storm, which consider the UK’s current economic prospects and how the country has managed since the 2008 crisis. Ben Chu (Deputy Business Editor, The Independent) will respond to Cable’s comments, and will be followed by a Q&A.
This event is free and open to the public, but RSVPs are essential. Please email email@example.com to reserve your place.
Since 1 January 2020 the average FTSE 100 CEO has earned:
Income inequality in the UK
Wealth inequality in the UK
- High Pay Day 2020: Scope for fairer pay and lower inequality remains considerable
Pay for the typical FTSE 100 CEO in 2020 has already surpassed the amount the average UK worker earns in an entire year. We can do much more to achieve a better balance between those at the top and everybody else
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- High Pay Centre briefing: regional economies across the EU
The UK's poorest regions are falling behind the rest of Europe