The pressure on bosses at UK companies was turned up a notch yesterday, after the publication of a report recommending that firms make the salary gap between chief executives and other employees public. Furthermore, the influential Institute of Directors has called for a review of corporate governance, following a number of scandals.
The Investment Association, a trade body which is well respected in London’s financial industry, published its report into executive pay structures on 26 July. “Growing complexity has contributed to poor alignment between executives, shareholders and the company, sometimes leading to levels of remuneration which are difficult to justify,” the report reads. Its most forthright recommendation is that the pay gap between chief executive officers and average employees be made public. Nigel Wilson,
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