The Government has launched a consultation into improving corporate governance, focusing on executive pay, strengthening shareholder influence and employee representation at board level, and raising minimum standards and reporting for large privately-held businesses.
New Metropolitan Police commissioner Cressida Dick has opted to take a lower salary than that of her predecessor Sir Bernard Hogan-Howe. Ruth Thomas, senior consultant for reward specialist Curo Compensation, asks whether the new police chief is setting a good example or exacerbating gender pay inequality.
Workers will be represented on remuneration committees and employers will have to publish the ratio between executive and median pay, if MPs on an influential select committee get their way.
Some top executives earn more than £1,000 an hour and will have made more money by the first Wednesday of 2017 than a typical UK worker earns all year, according to claims from the High Pay Centre.
The Government has launched a consultation on measures that could force companies to reveal the gap in earnings between their CEO and the average employee.
Additional information on pay and the employment contract for local authority employers, including pay rates; pay policy statements under the Localism Act 2011; employees whose remuneration is above £50,000; and publishing salary data under the Local government transparency code 2015.
HR and legal information and guidance relating to executive and boardroom pay.