Words .....that work

used with discretion and in harmony, to excite, persuade or merely reveal

Blog : BOARD TALK

IOD Calls For Investors To Have Bigger Say On Executive Pay

Posted on May 9, 2017 at 9:00 PM

A new rule forcing Britain's listed businesses to give shareholders a second vote if a significant majority reject the company's pay report is called for today by the Institute of Directors.



Under the IoD’s proposals, if 30% of investors oppose the remuneration report at the annual meeting, the company would have to look again at its pay policy and give shareholders another vote. Despite a series of h...

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Minimum Wage Education Needed - You Think ? #CorpGov

Posted on January 11, 2017 at 12:05 AM

The UK government is to be applauded today for starting a £1.7 million National Minimum Wage campaign, complete with a list of published   excuses people use not to cough up.


Looking at said excuses, I have to wonder at the levels of intelligence, knowledge and judgement. It's no wonder we are now in this stalled mess of Brexit. When will we learn to call it a problem before it escalates into a much bigger one?


The

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No Room For Complacency At The AGM

Posted on December 23, 2016 at 1:30 PM

2016 is drawing to a close - and good riddance, say some of us.


Has anything really changed when it comes to corporate governance n the UK ? Will the pre-occupations of Brexit put everything else on the backburner ? What was that last estimate for Brexit becoming Brexit....

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Getting The Message? 87% Of Pension Funds Say Executive Pay Is Too HIgh

Posted on December 1, 2016 at 3:45 PM

It's funny - except it isn't - how the gap between what the person on the street thinks and big business does not appear to be narrowing, despite all this talk about "re-establishing trust in business."


There is a lot of talk about on executive pay, with the launch of the UK government's consultation on corporate governance.


So, listen to ...

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Treating People Well Through Pay - Essential To Better #CorpGov

Posted on August 15, 2016 at 10:30 AM

An intrinsic part of any campaign for better business, no matter how small or large it is, is about looking at the way it treats its people - from employee to CEO.


Last week the UK government named and shamed those not paying the National Minimum Wage  - mentioned in my last blog post. But levels and attitudes to pay also a...

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Closing The Gender Pay Gap: As Elusive As Ever ?

Posted on June 20, 2016 at 2:30 PM

A lot of noise has been made around closing the gender pay gap in the UK - and here is the government's consultation.


The trouble with this approach, however, has always been that it holds huge potential for absolutely nothing to change, while simultaneously giving the impression that everyone has been very busy trying to bring about said change.


Now a ...

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When Total Variable Pay Is More Than 58x Salary....

Posted on June 6, 2016 at 9:30 AM

Investors and regulators keep talking about corporate culture, and how important it is to setting the tone of a business. What about executive pay ? When total variable pay represents more than 58 times salary and is stratospherically unrelated to what the average employee earns, surely something is very wrong on culture.


This week advertising giant WPP holds its AGM - on Wednesday, June 8. The

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UK Middle Manager Pay Rises: Let's Talk About Diversity

Posted on January 18, 2016 at 12:10 PM

Back in the heady days of 2011 when we all spent a lot of time in the UK talking about gender diversity, there was just the very occasional mention of something rather important: the role of (mostly male and probably mostly white) middle managers in UK plc when it comes to the promotion of diversity.


Today, five years later, we learn that when it comes to middle management, the UK ranks highly in Europe in terms of its base-salary offering, moving past Denmark, Belgium and N...

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A Quieter Year On Pay Does Not Mean Lack Of Shareholder Concern

Posted on July 26, 2015 at 4:20 PM

Is Amber the new Blue ?


It is surprising that 40% of FTSE 100 companies received an amber IVIS report in 2015, given that they are working within the policies approved by shareholders last year, says Linklaters, the global law firm. 


Most remuneration reports were approved with a substantial majority, and only one report ( Intertek plc ) was rejected, it reveals in its snapshot o...

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When 'Irritation' Is Not Such A Bad Thing For The Boardroom

Posted on April 27, 2014 at 2:15 PM

There was a lot of 'irritation' about in the UK last week, both articulated and just hanging about in the air, like pollen.


My OED says that 'to irritate' means 'to make annoyed or angry.' But it also means 'to produce an active response.' So, like most things, your perspective is key to your judgement on this matter. Irritation isn't always such a bad thing for the boardroom.


At the much-watched Barclays AGM,

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