StanChart boss pay slashed 29% CEO Bill Winters’ pay packet has been reduced to £3.8m The CEO of Standard Chartered has seen his pay packet slashed by 29% with the bank reporting heavy profit falls due to the fallout from Covid-19. This means chief Bill Winters’ pay packet for the year has fallen to £3.8m, […]
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As the COVID-19 pandemic continues to evolve and cause economic disruption UK-listed companies are taking action to support their balance sheets and provide financial flexibility. In particular, many companies have adjusted their approach to capital allocations with some also reviewing its approach to executive and employee remuneration. Boards have difficult decisions to make and getting […]
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The UK government has suspended gender pay gap reporting due to heightened uncertainty from the coronavirus crisis. The decision has been made by the government’s Equalities Office and the Equality and Human Rights Commission to alleviate pressure on employers that are struggling during the pandemic. As a result, there will be no enforcement or expectation […]
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The annual Manifest Total Remuneration Survey is now out. The average pay of the UK’s top CEOs has fallen by more than 10% to £5.1m, though concerns remain this figure is still too high. The latest Manifest Total Remuneration Survey, now published by Minerva, is regarded as the authoritative study on UK executive pay, showed […]
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Study shows low adoption of deferred share plans A quarter of the UK’s biggest companies are failing to adopt the right remuneration polices to reward executive performance, according to a new study by The Purposeful Company, a management think tank. The research, which looked at the benefits of adopting deferred share plans, found that at […]
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Median CEO pay falls, but is this the full story? When it comes to corporate governance, no topic is more contentious than the pay of top CEOs. The debate over whether companies pay their top executives excessively high salaries has been raging for years. Couple this with research from Edelman Trust showing that nearly two-thirds […]
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Exec Pay – The Invisible Drag on Innovation CEO remuneration packages actively discourage innovation in UK’s top companies, new Nesta analysis finds The way most big businesses reward their Chief Executives and other senior staff is inhibiting innovation and research and development, and encouraging short-term gains over long-term investment, according to a study of the […]
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The social cost of failed stewardship “Eye-watering and unjustified CEO pay packages are corrosive of trust in business and threaten to undermine the public’s support for the way our economy operates.” That’s the conclusion of Rachel Reeves MP, Chair of the Business, Energy and Industrial Strategy (BEIS) Committee following publication of the Committee’s Eighteenth Report […]
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AGM Update: Following the 29 March AGM, Micro Focus disclosed that the Remuneration Report was defeated with a 50.4% vote against – on a non-binding basis. Shareholders have become accustomed to the concept of pay for performance, but pay for transactions rarely attract the same level of scrutiny. Micro Focus International plc (LON: MCRO) […]
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Sage Group: pensions down, shareholdings up FTSE 100-listed accountancy software provider Sage Group plc holds its 2019 AGM on 27 February at which a new remuneration policy will be put to the shareholder vote. The policy was last approved at the 2016 AGM and received 97% shareholder support. Sage’s Remuneration Committee has highlighted three key […]
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