Skip to content

23 September, 2023

Subscribe Advertise About Us
  • My Account
  • Register
  • Log In
  • Log Out

Board Agenda

  • Governance
  • Strategy
  • Risk
  • Ethics
  • News
    • Categories

      • View All
      • Board Moves
    • News round-up: this week in governance

      Lonely leadership; how governance helps in a crisis; Kerrie Waring to depart ICGN; ESG and...

    • say-on-pay votes Say-on-pay votes lack link to sustainability

      Very few investors use their AGM votes on executive pay as a spur to improve...

    • fast-moving threats ‘Fast-moving threats’ will soon challenge boards, warns CIIA

      Resilience will be required to face a ‘poly-crisis’ of immediate and simultaneous risk issues, internal...

  • Insight
    • Categories

      • View all
      • Governance
      • Strategy
      • Risk
      • Ethics
      • Board Expertise
      • finance
      • Technology
    • sustainability into finance

      How to integrate sustainability into financial decision-making

      Proactive leadership and board commitment are essential to transform notions of sustainability into fiscally viable...

    • reporting requirements

      Don’t let reporting requirements lead to boilerplate disclosures

      We must balance the need for disclosure of non-financial information so that it is sufficient,...

    • policy on human rights

      Why you need a policy on human rights

      As well as being the right thing to do, this element of a sustainable business...

  • Comment
      • View all
    • reporting requirements

      Don’t let reporting requirements lead to boilerplate disclosures

      We must balance the need for disclosure of non-financial information so that it is sufficient,...

    • CEO talent Can high CEO turnover boost gender equality?

      The trend for boards favouring internal pipelines for CEO succession creates an opportunity to nurture...

    • trust matters Ignore trust at your peril

      Consumers and employers expect ethical corporate behaviour—and will vote with their feet when trust is...

  • Interviews
      • View All Interviews
      • Podcasts
      • Webinars
    • helle bank jorgensen Helle Bank Jørgensen on governance, ESG and how board directors can become stewards of the future

      In spite of ESG toxicity in the US, she remains optimistic that companies are working...

    • information resilience IT transformation sees boards moving to ‘continuous’ management

      Data analytics available on demand requires a resilient—and selective—approach to sharing information, a webinar panel...

    • life sciences podcast Reform of NHS levy ‘harms UK competitiveness’

      Boards in the pharmaceutical and life sciences sector face increasingly difficult decisions, according to a...

  • Careers
      • View all
      • Selection
      • Board Moves
    • CEO talent Can high CEO turnover boost gender equality?

      The trend for boards favouring internal pipelines for CEO succession creates an opportunity to nurture...

    • Starbucks sign outside shop in Warsaw, Poland DEI policies are targets for litigation, warns US lawyer

      Right-wing activists will continue to sue corporates over diversity, equity and inclusion policies they perceive...

    • CEO churn CEO churn is highest since 2019

      Chief executive appointments in the FTSE 100 are also up—but only 27% of incoming CEOs...

  • Resource Centre
      • White Paper Downloads
      • Book Reviews
      • Corporate & Advisory Services
    • G20/OECD Principles of Corporate Governance 2023 cover

      G20/OECD Principles of Corporate Governance 2023

      The G20/OECD principles help policy makers improve the regulatory and institutional framework for corporate governance.

    • stakeholder engagement

      Director Reference Guide: Stakeholder engagement

      Board Agenda's 'Director Reference Guide' for boards on building an honest and trust-based relationship with...

    • IoD Are boards losing control report cover

      Are Boards Losing Control? 2023

      This IoD Centre for Corporate Governance report looks at the biggest challenges facing companies over...

  • Events
  • Search by topic
    • Governance
    • Strategy
    • Risk
    • Ethics
    • Regulation
    • ESG
    • Investor Relations
    • Selection
    • Board Expertise
    • finance
    • Technology

Labour planning corporate ‘levy’ for the highly paid

by Gavin Hinks on May 16, 2017

Labour party manifesto will include a new levy to be charged to companies for each employee earning above key thresholds.

City of London, investments

Image: Shutterstock

Labour is preparing to make a direct intervention to prevent excessive executive pay, should it win the general election, by imposing a corporate pay levy.

Reports suggest that the party will include a levy of 2.5% for companies to pay for employees who earn above £330,000, and 5% for those earning more than £500,000.

The Guardian reports that the measure will be included in the party’s manifesto, set to be launched today as part of the UK General Election campaign.

It has already been widely trailed that Labour will introduce a higher rate of tax on those earning more than £80,000.

The levy will be calculated using basic salary, shares, bonuses and pension “rolled together”, reports The Guardian.

The paper says: “The moves deepen the bidding war between Corbyn’s party and the Conservatives over ways to hit the wealthy in order to woo working-class voters. Theresa May promised on Monday to force big companies to publish information on the pay gap for minority ethnic workers, extending plans that relate to gender.”

  • Facebook
  • Twitter
  • Google+
  • LinkedIn
  • Mail

Related Posts

  • A remixed roadmap for the future of board leadership
    October 18, 2021
    Team climbing a mountain using collaborative leadership

    A recent report identifies the need for a new governance model that reflects the changing responsibilities of boards and their leaders.

  • Corporate purpose: reasons for optimism, but vigilance is required
    October 2, 2021
    CEO in face mask

    Many companies have acted in a compassionate manner since the pandemic began; others haven't. Corporate purpose has made the difference.

  • The war for talent: creating competitive advantage through diversity
    December 7, 2021
    Magnet attracting diverse talent

    Companies that strategically invest in diversity and building an inclusive culture will become talent magnets in today's challenging market.

  • The diversity narrative: a strategy for improved performance
    April 11, 2022
    Diverse group of colleagues celebrating

    Research has shown a clear correlation between diversity and performance. How can organisations create their own diversity narrative?

For thoughtful journalism, expert insights on corporate governance and an extensive library of reports, guides and tools to help boards and directors navigate the complexities of their roles, subscribe to Board Agenda

corporate pay levy, Executive pay, General election 2017, Labour, manifesto

Search


Sign up to our Newsletter

Receive independent news, thoughtful journalism & expert insights about leadership, corporate governance & key boardroom issues straight to your inbox every week.

SIGN UP

Follow Us

 

 

 

 

Most Popular

  • Don’t let reporting requirements lead to boilerplate disclosures
  • G20 backs OECD corporate governance principles
  • Can high CEO turnover boost gender equality?
  • News round-up: this week in governance
  • ‘Fast-moving threats’ will soon challenge boards, warns CIIA

Featured Partner Profile

Diligent

Diligent

Diligent Corporation, which was founded in 2001, is headquartered in New York, NY with a European HQ in London. Diligent’s modern governance platform empowers leaders and teams at every level of the organisation to digitally transform and create ...

Featured Partner Resources

Leadership ESG

Leadership in ESG Integration: a study into UK board oversight, implementation and disclosure

This research report is based on detailed response...
The Engagement Appeal: The Path to Inclusive Investor Engagement

The Engagement Appeal: The Path to Inclusive Investor Engagement

This is the inaugural white paper from The Engagem...
Mazars c-suite 2023

Mazars C-suite barometer 2023

The Mazars C-suite barometer is based on responses...

Stakeholder Engagement: A Roadmap for UK Plc Boards

This guide aims to provide directors and their col...

Digital Boards: How Technology Adoption is Driving Culture Change and Resiliency

Digital tools proved their worth to boards during ...
Leadership in AI report

Leadership in AI

This report from Board Agenda and Mazars, in assoc...

A Director's Guide to Conducting Internal Investigations

An internal investigation must be handled meticulo...
 

ADVERTISE – FREE CORPORATE LISTING

FREE - Add your company profile to our Corporate & Advisory Directory.
ADD

ADVERTISE – PROMOTE YOUR REPORTS & WHITEPAPERS

FREE - Add your company profile to our Corporate & Advisory Directory.
Add Resource

Register Free

Register to receive free article views, selected resource downloads, and all the latest news alerts straight to your inbox. Register


  • Editors & Contributors
  • Editorial Advisory Board
  • Corporate & Advisory Services
  • Media Marketing Solutions
  • Contact Us
  • Careers
  • Board Director Network
  • Terms & Conditions
  • Privacy Policy
  • Cookies
  • Sitemap
|