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 2017 the average FTSE 100 CEO has earned:
Income inequality in the UK
Wealth inequality in the UK
- Full text of joint CIPD/HPC submission to UK BEIS department Feb 2017
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
- Joint HPC/CIPD response to government corporate governance green paper
Reform of pay and governance structures matter to all employees. We are pleased to make a joint submission with the CIPD
- Fat Cat Wednesday 2017
Welcome back to work. FTSE100 bosses will have already clocked up an average annual UK salary by lunchtime today.