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
- COVID19 and corporate resilience
The pandemic is highlighting the deep flaws in the UK’s corporate governance system. Will this prompt listed companies to rethink their priorities? - A blog by Rachel Kay, a researcher at the High Pay Centre
- Executive Compensation: Covid-19—A “New Normal” Or Back To The “Old Normal” by 2022?
A guest blog from Iain Stark, international HR leader and reward expert, on the future of executive pay post COVID19.
- Re-thinking reward: interim High Pay Centre analysis of new pay ratio reports
Our analysis of the first 'pay ratio' reports finds some limitations to the disclosures, but also identifies the potential to raise pay for low earners through redistribution from those at the top