Recent changes to executive pay regulation need more time to
have an effect
On 22 March, the Business, Energy and Industrial Strategy
Committee launched an inquiry 'into aspects of pay in the
private sector'.
Titled 'Corporate governance: Delivering on fair
pay', the inquiry was broken into two parts – a
review of 'compliance by business with reporting requirements
on the gender pay gap and to consider what steps they are taking to
address the gap', and a review of 'the implementation of
the prime minister's undertaking to crack down on excessive
executive pay'.
The committee asked for feedback in two tranches – that on
the gender pay gap by 10 April and that on executive pay by 8 May.
Some of the salient points of our response on the gender pay gap
were covered in my column on page 57 of the April issue of
Governance and Compliance.
