Remuneration in Covid times

This blog gives you the latest topical news plus some informal comments on them from ShareSoc’s directors and other contributors. These are the personal comments of the authors and not necessarily the considered views of ShareSoc. The writers may hold shares in the companies mentioned. You can add your own comments on the blog posts, but note that ShareSoc reserves the right to remove or edit comments where they are inappropriate or defamatory.

by Cliff Weight, ShareSoc Director

Executive Pay is attracting much attention. The issues were well written up in this Guardian article.

Insititutional fund managers have been slow to address this issue which is of great public concern. Their representative trade body have produced weasel words with lots of opt out possibilities, eg Chris Cummings, the IA’s chief executive, said: “Investment managers expect executive remuneration to be linked to long term company performance and aligned with the experience of its employees, stakeholders and shareholders. During this exceptional period we expect companies to adopt an approach that is appropriate to their business and the specific impacts of Covid-19, being careful to ensure that executives and the general workforce are treated consistently.”

My own views were written at the beginning of April and published in Executive Compensation Briefing and still seem to be valid: see ECB CW article ecbapr20

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