“This is not about naming and shaming companies, but instead encouraging open conversations about what’s being rewarded and recognised at each grade, how, when and why. This is a win-win for business, as CIPD research shows that disproportionate levels of CEO pay is a huge issue for employees, with 59% of employees citing it as a reason why they are demotivated at work.
“It is however disappointing that the Prime Minister has backtracked on her commitment to put workers on executive boards without a proper review. This could have been a further step in bringing greater levels of accountability and scrutiny, and helped bridge the gap between those at the top of organisations and their workforces.”
Related information: Government launches review of corporate governance