Briefing for the Lords Debate on Executive Pay Ratio ReportingTuesday, July 10th, 2018
This briefing was prepared by CORE and Oxfam for the Lords debate on the Companies (Miscellaneous Reporting) Regulations 2018. The Regulations create new reporting requirements for large companies. These include requirements to report on the ratio of CEO pay to the median worker pay, and worker pay at the 25th and 75th percentile. The briefing broadly welcomes the new pay ratio requirements, but urges Peers to call on the Government to set out a longer-term vision for the UK corporate governance framework and review s.172 of the Companies Act 2006 as part of these more fundamental reforms. The briefing also looks at some of the detail of the Regulations.
You can read the briefing here.