Remuneration committees (remcos) tend to focus on executive pay, but a think tank has called for their remit to be widened to include culture and people.
While boards attract much attention, especially in times of crisis, their constituent committees remain largely unnoticed (except audit committees when something goes wrong with the accounts). That could change with recommendations from a think tank that the humble remuneration committee (remco) take on a much greater role.
The High Pay Centre has undertaken research and published recommendations that include boards considering transforming their remcos into “people and culture” committees that would work to ensure their executive pay settlements match their strategy for people management and corporate culture.
The move directly lin
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