The New Closed Shop: Who’s Deciding on Pay?
This latest report from the High Pay Centre looks at the remuneration committees that set board level executive pay in FTSE 100 companies.
The study, The New Closed Shop: Who’s Deciding on Pay? found that, of 366 people who sit on remuneration committees which set lead pay for top executives, just 10% - 37 members - were not from business or financial intermediation. It also found that only 59, or 16% of the total, are women.
· 46% of people sitting on remuneration committees are current or former lead executives
· 41 out of 366 remuneration committee members are current lead executives
· 33% of FTSE 100 companies have a current lead executive on the remuneration committee.
· 9% of FTSE 100 companies have a current FTSE 100 lead executive on the remuneration committee.
Since 1 January 2017 the average FTSE 100 CEO has earned:
Income inequality in the UK
Wealth inequality in the UK
- Initial response to FRC consultation
A welcome and necessary tightening up - and sharpening up - of the combined code. Businesses will have to take note and act
- Sir Vince Cable to give second Gavron Memorial Lecture Monday 27th Nov
To attend please email firstname.lastname@example.org
- Sir Vince Cable to give second Gavron Memorial Lecture
Good news - Sir Vince will speak at the IoD's Pall Mall HQ in late November at our second Gavron Memorial Lecture