Dawn’s inside track: is high pay really falling?
The Executive Pay in the FTSE 100 report reveals that median pay is now at its lowest level since 2010 and the gap between the highest paid executives and the rest of the workforce has narrowed. However, as Lewis highlights, pay levels fluctuate for a number of reasons.
“Corporate Governance rules mean that we will need to report accurately how CEOs are being paid, what those arrangements are and how those decisions have been formed. That transparency is really critical.”
There has been an increasing focus on executive pay in recent months. With the Investment Association updating its Principles of Remuneration and writing to the Chairs of Remuneration Committees at FTSE 350 companies to urge greater justification for pay levels and to simplify pay arrangements for executives.