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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.

Key Findings:

·       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.

Download report

Posted on 2 April 2012

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