The Executive Remuneration Working Group has published its final report proposing ten recommendations aimed at rebuilding trust in executive pay structures in the UK.
The working group was set up by the Investment Association last November, 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 report has been issued following consultation with over 360 investors, asset owners and company employees, and was developed by five representatives of listed companies, investment management and asset owners. Will rise of passives help or hinder holding management to account? It calls for companies to b...
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