18 of the FTSE-100 firms have been listed on listed on the Investment Association’s public register of “fat-cat” pay.
With disclosure of executive pay ratios in prospect, The Guardian reports that 18 of the FTSE-100 firms have been listed on listed on the Investment Association’s public register of “fat-cat” pay. The Public Register is an aggregated list of publicly available information regarding meetings of companies in the FTSE All-Share who have received significant shareholder opposition to proposed resolutions or have withdrawn a resolution prior to the shareholder vote. Firms are added to the list if their pay policies attract dissent from more than 20% of shareholders at their annual meetings. The number of firms listed has doubled since 2017.
For more context, this recent report from the CIPD and the High Pay Centre examines how chief executives working for FTSE 100 firms are rewarded, examining such aspects of remuneration as salaries, bonuses, long term incentives plans and benefits. It lists CEO pay data by mean and median, by industrial sector, by firm size and by gender. It also has some recommendations for stakeholders interested in creating a fairer and more ethical approach to employee reward.