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 2018 the average FTSE 100 CEO has earned:
Income inequality in the UK
Wealth inequality in the UK
- Speech given by Chuka Umunna MP at IoD Feb 8 2018
Here is the text of the speech given by Chuka Umunna MP at our event held at the IoD on Feb 8th 2018
- Chuka Umunna - how much progress on taming excessive executive pay?
Pamphlet presented by Chuka Umunna MP at a High Pay Centre event held at the Institute of Directors, London, on February 8 2018
- News - Chuka Umunna to speak at HPC event at the Institute of Directors, Feb 8th at 8am
We are delighted that Chuka Umunna has chosen to share his thoughts on "The Progressive Case for Business" on Feb 8th from 8am