Executive Pay: Context is Critical
The socio-economic climate of Brexit has made boardroom pay - already a topic regularly simmered and stirred in the United Kingdom across a broad range of stakeholders – into rich ground for politicians.
The rise of the so-called ‘gig economy’ has focused fresh attention on worker’s rights in Britain at a time when corporate governance reform is on the agenda. Since the last Governance Watch, there have been many stories in the media headlines focusing on employees at a variety of businesses from the point of view of how they are treated on worker’s rights. At time of writing the latest media coverage is of the delivery company Hermes.
It certainly made the headlines in the Derby Telegraph as well as in Britain’s national newspapers. Employees at FTSE 100 engineering giant Rolls-Royce plc are to be given a chance to grill bosses about the company's recent performance. For the first time the firm, which has its civil aerospace and nuclear divisions in Derby, is set to hold an Annual General Meeting for its workers, which is likely to take place at Derby County's Pride Park Stadium in May, the paper reported.