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:

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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 …

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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 …

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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 …

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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

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  • User AvatarSean Hagan 21st Jan - 12:04am
    David, I obviously meant Lib Dem, not Lib Cem! (It’s getting late - so it’s now goodnight from me.)
  • User AvatarSean Hagan 20th Jan - 11:52pm
    @David Raw - 10.51pm Sadly, you’re most probably right that it is unlikely, largely for the reasons that you’ve stated. I’ve been a loyal Lib...
  • User AvatarMartin 20th Jan - 11:26pm
    The somewhat strange vote of confidence means that May can struggle on, priding herself on her inflexibility, yet delaying the Brexit problem as much as...
  • User AvatarDavid Raw 20th Jan - 10:51pm
    @ Sean " suspending normal party political rivalries and fighting that election (in Scotland at least) as a ‘Stop Brexit’ Coalition …. " Very unlikely....
  • User AvatarSean Hagan 20th Jan - 10:23pm
    @David Raw - thanks for posting the excellent speech by Betty Boothroyd; she’s clearly as sharp and incisive as ever and certainly doesn’t mince her...
  • User AvatarPeter Martin 20th Jan - 9:31pm
    He wasn't perfect, but I'd say Obama did pretty well on the whole. He did what he could with Obamacare. His main achievement was to...