Corporate Governance-how to end excessive pay

Levels of executive pay is dominating the headlines, and this interest will only increase as the 2017 AGM season unfolds. The Department for Business Energy and Industrial Strategy is asking for views.  We think that only acknowledging that there is a problem in egregious cases of 'rewards for failure' is insufficient.  What can be learnt from businesses that are not seen as having excessive pay, for example in relation to: payment packages and incentive and reward packages; use of consultants and benchmarking; remuneration committee arrangements; disclosure practices; and organizational and industry characteristics.