Wednesday 4 April 2012

High Pay Commission - report on Remuneration Committees

Had a leaf through this report which, bearing in mind the pretty intense scrutiny on executive pay recently, had an opportunity to heighten the media exposure and inspire some progress on the issue.

Disappointingly, it is a pretty light read, sparsely sourced, and leans on a few bog standard points of issue (groupthink and a lack of gender diversity) to get its point across. No doubt the figures it extracts are grim (16% women on FTSE 100 remuneration committees, and 10% from outside of the conventional  business/finance talent pool), but as a think tank which aims to "set out a road map towards better business and economic success", it singularly fails to do so in its rather blowy conclusion.

Golden opportunity to influence this debate passed up?

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