Baroness Ros Altmann, former pensions minister, warns that despite Theresa May’s pledge to protect pensions after the Carillion scandal, a hard Brexit could jeopardise Britain’s largest manufacturing firms.
UK prime minister Theresa May has promised a crackdown on executives who rake in huge bonuses at the expense of their employees’ pensions.
Writing in The Observer newspaper in the wake of the fall of construction giant Carillion, May said: “In the spring, we will set out new tough new rules for executives who try to line their own pockets by putting their workers’ pensions at risk—an unacceptable abuse that we will end.”
She also pledged that by this time next year, all listed companies will have to reveal the pay ratio between bosses and workers. “Companies will also have to explain how they take into account their employe
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
The UK government has updated its guidelines on how businesses should comply with the Modern Slavery Act, part of which requires organisations to develop an annual slavery and human trafficking statement.
Register to receive free article views and resource downloads, plus all the latest news alerts straight to your inbox. Register