Investment Association, Executive Remuneration Working Group
Read our response to the working group's interim report, in which we argue for a fundamental rethink to the principles of executive pay
The Executive Remuneration Working Group was set up by the Investment Association in late 2015 and is currently consulting on its interim report looking at the problems with executive pay in the UK.
The High Pay centre's response to the Working Group's interim report is available here in its entirety and represents a fundamental rethink of some of the principles which underpin the current system.
Our submission takes as its starting point the statement by Nigel Wilson, Chairman of the working group that "the current approach to executive pay in UK listed companies is not fit for purpose".
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