The Investment Association(IA) has created a working group, with members including Newton Investment Management CEO Helena Morrissey and L&G group chief executive Nigel Wilson, to propose measures that will "radically" simplify pay structures for management teams.
The association said it is concerned UK-listed firms, including those in the investment industry, could suffer “reputational damage” as complex pay structures could lead to a lack of clear incentives for boards and executives to act in the best long-term interests of companies and their investors. Why funds industry is 'ripe for investigation' over pay structures Daniel Godfrey, chief executive of the Investment Association, said: "Complex pay structures can make it difficult for investors and the wider community to judge whether high rewards are being earned for exceptional manageme...
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