Asset management industry supports government crackdown on excessive executive pay

Commenting on govt plans announced today

Jayna Rana
clock • 2 min read

A number of asset managers have voiced their support for the UK government's plans to force companies to justify high levels of executive pay.

The government has unveiled plans to make companies reveal the gap in earnings between their chief executive and an average employee, and to justify high levels of pay for senior members of staff. Other recommendations include a binding vote by shareholders on the level and structure of a chief executive's pay and measures on targeting boardroom excesses in both listed and private companies. The proposals are part of the government's consultation paper on corporate governance, which aims to increase public trust in businesses. Hermes calls for 'fundamental rethink' of executive pay...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Early Powell departure could be an 'unexpected gift' for EMs

Early Powell departure could be an 'unexpected gift' for EMs

Trump claims he will replace chair sooner

Eve Maddock-Jones
clock 01 July 2025 • 3 min read
BoE's Andrew Bailey: Pick-up in inflation makes outlook uncertain

BoE's Andrew Bailey: Pick-up in inflation makes outlook uncertain

UK inflation at 3.4%

clock 27 June 2025 • 2 min read
Jerome Powell warns of long term inflation if Trump settles on higher tariffs indefinitely

Jerome Powell warns of long term inflation if Trump settles on higher tariffs indefinitely

Policies' economic impacts ‘uncertain’

Eve Maddock-Jones
clock 25 June 2025 • 3 min read
Trustpilot