BEIS Select Committee Report On Executive Pay

Last week the BEIS Select Committee published its report "Executive rewards: paying for success", which provides an update on trends in executive pay and the government's actions to address the pay gap between executives and other staff. The report concludes that at a time of stagnant or minimal pay growth for most workers, large pay differentials between senior executives and the rest of the workforce undermines support for the current economic model and reduces trust in business.

Amongst other things, the report calls for:

• Regulators to assess which method of employee engagement (directors appointed by the workforce, formal workforce advisory panels, or designated non-executive directors) is most effective;