Ten days before Christmas, the Chairman of a house building company, Persimmon Homes, quit due to what he deemed as obscene bonuses being awarded to senior executives. The CEO, Jeff Fairburn, was awarded a £110m performance bonus – which is largely due to the Persimmon’s involvement in tax-payer backed help-to-buy scheme – and the Chairman believed […]
Gender pay reporting results are something many employers will be publishing next year and the idea of publishing pay data to address inequality is one the government seems quite keen on. However, one issue that sometimes does get overlooked is ethnicity pay reporting. Like the gender pay gap, many experts believe there is an ethnicity […]
Pay Reporting News – By June 2018, as part of new corporate governance reforms, any company that is publicly listed must publish and justify the pay differences between their highest paid executives and their average salary. They will also have to publish a narrative of their pay ratios over the years and a list will […]
The BBC reports here that David Cameron has pledged to make it more difficult for executives to effectively award themselves disproportionately high pay rises. He has also promised to tackle large payouts for executives dismissed for poor performance. The latter posses an interesting question as often the reason executives receive large payouts is because that […]
