More radical solutions to rising executive pay need to be found than those proposed by the Investment Association’s Executive Remuneration Working Group in its recent interim report, according to the Institute of Business Ethics (IBE) and the High Pay Centre. Responding to the IA’s consultation on the report the High Pay Centre said the working group […]
Read MoreThe insurer and institutional investor Legal & General plc (L&G), had to correct its annual report pay figures for chief executive, Nigel Wilson, on the eve of its AGM last week (26th May). L&G, whose investment division LGIM is active in corporate governance issues, admitted that awards from Wilson’s 2012 performance share plan had not been […]
Read MoreStandard Life, which as an institutional investor is known for its stewardship approach, faced opposition to the pay awarded to its chief executive, Keith Skeoch at its recent AGM (17th May). The investment and insurance company received a 22% vote against it remuneration report. This week’s other UK AGM results also showed continuing disquiet among shareholders about executive […]
Read MoreAnticipation that the US Securities and Exchange Commission is due to finalise three remaining Dodd-Frank Wall Street Reform and Consumer Protection Act compensation rules as well as recent rulings from Delaware Courts will keep executive pay in the spotlight during 2016, according to Vivien Coates of law firm, Womble Carlyle Sandridge & Rice. Coates said that due to increased scrutiny […]
Read MoreWith the peak AGM season taking place in the next two months, Manifest’s analysis suggests investors may be concerned about the remuneration practices at some of the UK’s biggest companies holding their AGMs on 14th April. Mining company, Rio Tinto – listed in the UK and Australia – has also been struggling in the past year due […]
Read MoreTop executive pay should not be linked to performance as the work they do is difficult to measure and such pay may actually be damaging to companies, according to a recent article by two academics in the Harvard Business Review. It is not unusual for 60-80% of the pay of chief executives and other senior leaders, […]
Read MoreLeading mutual funds and pension funds so far have taken little action to curb the pay of chief executives (CEOs) in the US according to a report by As You Sow, a non-profit organisation that promotes environmental and social corporate responsibility through shareholder advocacy. The report identifies the S&P 500 CEOs which its believes are the 100 most overpaid […]
Read MoreProviding a simple and fair approach for remuneration committees trying to meet the challenge of getting executive pay right is the aim of a board briefing paper recently published by the Institute of Business Ethics (IBE). The IBE said the paper, Fair or Unfair? Getting to grips with executive pay, offered both practical advice on how remuneration […]
Read MoreThe Rock Center for Corporate Governance at Stanford University has recently conducted a representative survey of 1,202 Americans to understand public perception of chief executive (CEO) pay levels among the 500 largest US publicly traded companies. The survey found that 74% believe CEOs are not the right amount compared with the pay of an average worker […]
Read MoreBy the first Tuesday of 2016 (5th January) the UK’s top bosses made more money in 2016 than the average UK worker earns in an entire year, according to think tank, The High Pay Centre. FTSE 100 chief executives are paid an average £4.96 million a year according to the government’s ‘single figure’ measure compared to the UK full-time […]
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