Pension funds urged to curb boardroom pay

clock

Pension funds have been urged to directly engage with companies on executive pay by leading corporate governance bodies.

Hermes Equity Ownership Services and the National Association of Pension Funds want to "shift the current political and societal debate" on executive pay by creating a greater alignment between companies and shareholders. Public anger has escalated over executive pay since the financial crisis and the government has acknowledged a "disconnect" between remuneration packages and company performance. Hermes EOS chief executive Colin Melvin said shareholders must work with companies to improve pay structures. He said: "We are at a moment of crisis in the evolution of publicly listed co...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Why investors 'can't outrun' slow-moving demographics

Why investors 'can't outrun' slow-moving demographics

'Demographic change is a key megatrend'

Darius McDermott
clock 07 March 2024 • 5 min read
Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

British ISA, Office for Budget Responsibility, tax cuts

Valeria Martinez
clock 07 March 2024 • 4 min read
Spring Budget 24: Chancellor unveils long-term UK growth plan

Spring Budget 24: Chancellor unveils long-term UK growth plan

Includes British ISA launch and further NI cut

clock 06 March 2024 • 1 min read