Forward-looking company reports on pay and bonuses should be introduced to help resolve concerns over large rewards, Robert Talbut, chief investment officer of Royal London Asset Management has proposed.
Talbut told the Financial Times forward-looking reports, which state the planned value of an executive's remuneration in the coming year rather than that awarded in the past year, would mean "shareholders know what to expect, and can do something about it, rather than having to react to what has already occurred". Vince Cable, business secretary, is seeking ways to curb what he calls "outrageous" pay awards for corporate bosses. Talbut, a member of the independent High Pay Commission, said companies should be required to state the planned value of an executive's remuneration in the co...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
