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Research
Briefs .....
While director salaries in the FTSE 350 unsurprisingly outstrip those at AIM
and SmallCap companies, over the last year smaller companies have experienced a
faster rate of remuneration increases, a study by
Deloitte has found. The median increase was discovered to be 9.2% at AIM
companies and 7% at SmallCaps, compared to 6.5% in the FTSE 250. However, Deloitte partner Bill Cohen predicted remuneration trends would
begin to fall for smaller companies. Pay increases have been falling quite
substantially at larger companies, he said, and remuneration trends tend to
begin in the FTSE 100 and filter down to smaller businesses over a period of one
or two years.
The cumulative cost of regulation to UK businesses since
1998 has risen to over £55bn, according to the
British Chambers of Commerce (BCC)
2007 burdens barometer. The BCC said the regulatory load was continuing to
increase at an “incredible rate”, with an example of particularly burdensome
regulation being the £6.6bn it has cost businesses to comply with the data
protection bill. Francis Chittenden, professor at the
Manchester Business School and co-author of
the barometer, said the figures show the government has not followed through on
its pledges to listen to business concerns and reduce the weight of regulation.
He predicted regulation will continue to grow unchecked until the government
completely rethinks its objectives.
March 2007 |
