Is executive pay too high?
Executive pay is currently a hot topic – and it’s one that was discussed at ICAEW’s Corporate Governance Community event. Julia Root-Gutteridge reports.This is a key year in the UK executive pay landscape as many companies are preparing new remuneration policies for a binding shareholder vote in 2020.
On 3 July, ICAEW and Hermes convened a senior panel of remuneration committee chairs and investors, along with Anna Turley, MP for Redcar, to explore how realigning executive pay can help to restore trust in business.
The issue of executive pay was placed in the context of the economic status of Turley’s constituency, which saw 3,000 jobs cut following the collapse of Redcar Steelworks in 2015. The call to address excessive executive pay stems from a need to create fairness in business, rather than the politics of envy.
This is an extract from the Business & Management Magazine, Issue 277, September 2019.
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