Complaints about executive pay continue because commentators focus on the “cost” of executives instead of their “value”.
Why, indeed, are executives paid so much? You must have asked yourself that question.
If you are a member of a Remuneration Committee, you have probably been paid to ask that question.
By their own admission, firms like WPP in the media industry and the Berkeley Group in property pay very large sums. According to its 2014 annual report, the CEO of WPP was paid the sum of £42,978,000 for one year’s effort on behalf of his shareholders. The executive chair of the Berkeley Group, according to its 2015 annual report, received the sum of £23,2
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Narrative reporting has evolved significantly over the past five years. Reports provide a much broader range of non-financial information, but has the quality of information kept pace with this change?