Tag: remuneration committees
Why are ‘ethical’ executives still highly paid?
The way the labour market works—or fails to work—presents a dilemma for remuneration committees when it comes to executive pay.
Pay experts recommend a revamp of remco responsibilities
High Pay Centre and CIPD call for remuneration committees to review workforce pay and oversee people issues and workplace culture.
ISS policy change puts nomcos under pressure to boost gender diversity
US proxy advisory firm will advise shareholders to vote against nomination committee chairs where there are no female board directors.
Top chairs see remuneration rise by 30% over past decade
Research reveals average total remuneration for chairs in the top 150 FTSE companies stands at £404,776, while non-executive directors receive an average of £97,837.
Think tank calls for governance reform to encourage progress on employee pay
The Social Market Foundation wants changes to Section 172 to make directors responsible for employee pay and ensure workers “share in the proceeds of growth”.
Shareholders ‘don’t understand executive remuneration policies’
New research shows shareholders tend to approve remuneration policies while rejecting subsequent remuneration reports, suggesting a lack of clarity on how such policies work.
Investor urges boards to embrace worker representation set out by new code
Hermes chief executive Saker Nusseibeh is pleased the new UK Corporate Governance Code sets out a number of paths that boards can follow to improve worker representation.
IoD seeks greater role for remcos over share buybacks
Remuneration committees should have responsibility for reporting on what happens to executive pay following a share buyback, according to the Institute of Directors (IoD).
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.
UK government waters down plans to strengthen corporate governance
In a follow-up to its Corporate Governance Reform green paper consultation, the UK government has dropped many of its previous proposals to strengthen corporate governance.