Full text of joint CIPD/HPC submission to UK BEIS department
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
Since 1 January 2020 the average FTSE 100 CEO has earned:
Income inequality in the UK
Wealth inequality in the UK
- 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
- Purpose Beyond Profit: Where Next for Business?
WATCH IN FULL: an expert panel discuss the future of business and what action is needed to tackle climate change and reduce economic inequality
- Billionaires and poverty should not coexist
It's ludicrous to suggest that we need billionaires to incentivise work and wealth creation.