The CIPD and the High Pay Centre have called for the reformation of FTSE 100 remuneration committees (RemCos) following the results of their latest executive pay report.
?These came into force in January 2019, with most reporting generally beginning in 2020 (apart from CEO pay ratios)
Questions need to be asked about whether board members had the best interests of the company at heart
While poor corporate governance and boards have been blamed for the CEO-worker pay gap, HR should look to its own management processes and ask if employees as a whole are losing out
The FRC consultation also includes plans to require firms to publish their executive gender balance and on worker representation on boards