Executive pay

“Short-term rewards, long-term failings” Seminar – 15 November 2012

Frances O'Grady Speaking at the Short-term Rewards, Long-term Failings Seminar

The ‘Short-term rewards, long-term failings’ debate took place on November 15th 2012.

The panel of speakers comprised leading investor David Pitt-Watson; Liberal Democrat peer Lord Matthew Oakeshott; Director General of the Institute of Directors, Simon Walker and the TUC’s Frances O’Grady (pictured). You can read the speaker biogs here.

The debate considered whether the gap between pay at the top and the bottom is now too large, whether recent executive rewards have been deserved and whether or not it matters to our wider economic health that pay inequalities are reduced.

The TUC welcomed the marked agreement among stakeholders on the panel on the unacceptable scale of recent increases in executive pay, and the urgent need to work towards more diverse representation on renumeration boards.

It was chaired by Alan MacDougall, Managing Director of Pensions Investment Research Consultants (PIRC) Ltd.

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