Tag Archives: high pay commission

Shareholders to get binding votes on executive pay under Cable reforms

First up, here’s what Vince had to say in the House of Commons yesterday:

Posted in News | Also tagged | 3 Comments

Labour’s stance on high pay leaves the ball firmly in Vince Cable’s court

The appearance of cross-party consensus in politics usually makes me welcoming and wary in equal measure – welcoming as it signals a weakening of the fierce discord between political tribes, wary because the sheen of consensus often betrays a deep underlying suspicion of the ability of any party to take on the challenges they face.

Excessive remuneration appears to be the latest issue on which the three main parties appear to agree – it apparently unites the hitherto unlikely trio of Vince Cable, Ed Miliband and, latterly it seems, David Cameron around the recognition that extremes of …

Posted in Op-eds | Also tagged , , and | 7 Comments

Nick Clegg’s priorities for 2012

The Voice’s Mark Pack has been writing about the Party’s challenges in 2012 – as if on cue, leader Nick Clegg set out his priorities for Lib Dems in Government in a Radio 4 Today interview which you can hear in full here.

As reported in The Guardian, these priorities include tackling tax avoidance by both corporations and wealthy individuals, clamping down on excessive and undeserved top pay, and re-engaging with governments and business in Europe following the Prime Minister’s unhelpful showing in Brussels at the end of last year.

Pressed on how that re-engagement would materialise, Nick …

Posted in Op-eds | Also tagged , , , and | 8 Comments

Opinion: Lib Dems should welcome and put into practice most of the High Pay Commission’s recommendations

Some bald statistics before the ranting begins: In 1979 the top 0.1% of earners took home 1.3% of the national income; by 2007 this had grown to 6.5%. In 1979 the top 1% took home 5.93% of the national income; by 2007 this had grown to 14.5%. In 1979 the top 10% took home 28.4% of the national income; by 2007 this had grown to 40%. In 2010 alone, executive pay in FTSE 100 companies went up by an average of 49%, against a 2.7% rise amongst employees in these firms. Top bosses now take home nearly 7% of total …

Posted in Op-eds | Also tagged , and | 9 Comments

Lib Dems back High Pay Commission’s proposals to curb excessive executive salaries

The High Pay Commission, an independent inquiry into top pay in the private sector, published its final report yesterday. Here’s how The Guardian reports its key conclusions:

The commission sets out 12 recommendations to tackle high pay. The main reforms include:

• Greater transparency in the calculation of executive pay to end the “closed shop” on pay decisions. At present, many people do not understand until it is too late how a vast salary – often composed of as many as seven different elements – is worked out.
• Putting employees on remuneration committees, a move included in the government’s own

Posted in News | Also tagged , , and | 9 Comments
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  • User AvatarRichard S 2nd Apr - 12:31am
    Ex-member with a question. Have previous leadership contests been great recruiting drives? If not, get it done when nobody is watching,
  • User Avatarmatt 2nd Apr - 12:20am
    @Dilettante Eye There is going to be a day of reckoning when this is all over and we need a royal commission to get to...
  • User AvatarJoseph Bourke 2nd Apr - 12:17am
    Michael BG, it is not difficult to understand if you make a little effort. The figures for increasing the work allowance are £1.1 billion per...
  • User AvatarRichard S 1st Apr - 11:55pm
    Oliver, What you write comes out of fair-mindedness, and that means you will be a liberal for life, regardless of whatever crazy direction the people...
  • User AvatarRichard S 1st Apr - 11:34pm
    (there are length limitations - I had to cut a bit saying: yes, but stay at home till we have enough ventilators) Basically, if there...
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    Am reminded of Senator McCain arguing with his own supporter that Obama was a "decent family man". How long ago that seems now.
Mon 27th Apr 2020