Tag: Executive pay
Pearson tops list of shareholder revolts on remuneration
New public register names and shames companies over the largest shareholder revolts against executive pay.
Non-executive directors’ average age breaks through 60
The average age of UK non-executive directors has risen to 60.3 years, topping 60 for the first time; and while more women occupy boardroom positions, there are still very few female chairs.
Opinion of business ethics rallies, but stays lower than 2015 level
Survey from the Institute of Business Ethics reveals that public perception of business ethics has risen, while the top three concerns are corporate tax avoidance, executive pay and exploitative behaviour.
UK’s new governance code targets corporate culture, wider society and pay
The proposed new corporate governance code is shorter and focuses on company culture, extending boardroom responsibility beyond shareholders and ensuring companies work for long-term sustainability.
Industrial strategy calls for improved reporting of capital allocation
Better reporting is needed to support “long-term” investment, says the UK government, but it is criticised for failing to mention human capital in its long-anticipated Industrial Strategy.
Give investors a greater say on executive pay
Even non-binding shareholder votes on CEO pay improve firm performance and shareholder value.
Governance reform proposals ‘took the easy line’, says City grandee
Standard Life Aberdeen chairman Sir Gerry Grimstone takes aim at the government’s executive pay policy, calling for “radicalism” not “incrementalism”.
Publishing pay ratios is ‘crude’, but are a ‘step in the right direction’
Business groups are largely in favour of the government’s planned law to publish pay ratios, but the TUC describes the ‘tick-box’ approach as ‘feeble’.
Governance reform expands reporting obligation of large UK firms
Large private businesses will be obliged to report on responsibility and their impact upon employees and the wider world, under the government’s follow-up on its green paper.
Burberry shareholders revolt against executive pay report
Nearly a third of Burberry shareholders voted against the fashion retailer’s remuneration report over concerns about executive pay, including that of outgoing CEO Christopher Bailey.