A think tank for fairer pay, worker voice and better business

This website houses research publications, blogs, information about our latest events, and related media articles. Subscribe for occasional updates on our work.

PAY COUNTER

Since 1 January 2020 the average FTSE 100 CEO has earned:

£3,191,989

How does your pay compare?

A think tank for fairer pay, worker voice and better business

This website houses research publications, blogs, information about our latest events, and related media articles. Subscribe for occasional updates on our work.

PAY COUNTER

Since 1 January 2020 the average FTSE 100 CEO has earned:

£3,191,989

How does your pay compare?

COVID-19

The Covid-19 pandemic has brought huge changes to work, pay and businesses’ role in society. Read our analysis of what’s been happening and where next.

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Our campaigns

Worker representation

Worker representation on boards and remuneration committees should be mandatory for all major companies. Worker representation can help to ensure that the interests and views of workers are taken into account on issues including pay and conditions. It can improve decision making by increasing diversity of thought and experience. In countries such as Germany where these policies already exist, there is lower inequality and evidence of companies having a better record of acting in the public interest.

Purpose beyond profit

There is an urgent need for us to move from a stakeholder to a shareholder model of capitalism. From Davos to the Business Roundtable, some of the world’s most powerful businesspeople are also calling for this. This now needs to move from action to words. In the UK we advocate reforming the Companies Act to change the responsibilities of directors from being legally required to prioritise shareholders to one where the interests of workers, consumers, wider society and the environment are given equal priority.

Trade Union Rights

There is strong evidence of a correlation between the strength of trade unions in a country and lower inequality. In the UK the gap between the lowest and highest paid at listed companies began to grow rapidly in the 1980’s with the introduction of anti-union legislation and the decline of trade union membership which has followed. This trend only began to slow down following the 2008 global economic crisis. While trade union membership in the UK has increased in the past three years, levels remain low compared to comparable European countries. We believe that expanding trade union and collective bargaining coverage is crucial to tackling the twin scourge of low pay and excessive executive pay.

Twitter

Excellent new report from @ShareAction which shows that despite the ESG buzz, the vast majority of asset managers are still not effectively using their proxy voting power when it comes to environmental and social issues.
https://shareaction.org/research-resources/voting-matters-2020/

There is a clear link between Philip Green's personal fortune and Arcadia's collapse.

While Green has accumulated huge wealth, Arcadia has underinvested in online, got into debt problems, and lacked the reserves to cope with the Covid crisis.

Philip Green

Has Topshop boss Philip Green done anything wrong?

Every generation has its business pantomime villain - what's the real story with Philip Green?

www.bbc.co.uk

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