Il faut tout changer pour le High Pay Center
Le High Pay Centre du Royaume-Uni a récemment publié sa réponse à la consultation de l’Investment Association « Executive Remuneration Working Group ». Au travers de cette réponse, le High Pay Center demande une remise en question fondamentale des principes d’attribution de la rémunération des hauts-dirigeants.
Voici une synthèse des propositions faites :
- Fix the flaws in the 2013 UK pay regulations
- Return to the principle that reward follows performance
- Realign the governance of remuneration with the legal financial governance framework.
- Stop accepting discounting as an appropriate basis for pay negotiations
- Remove all formal obstacles to the use of retrospective discretion by remuneration committees
- Require the involvement of representatives of the genuine long term economic interest in a company in the process for determining executive pay
The Executive Remuneration Working Group was set up by the Investment Association in late 2015 and is currently consulting on its interim report looking at the problems with executive pay in the UK.
The High Pay centre’s response to the Working Group’s interim report is available here in its entirety and represents a fundamental rethink of some of the principles which underpin the current system.
Our submission takes as its starting point the statement by Nigel Wilson, Chairman of the working group that « the current approach to executive pay in UK listed companies is not fit for purpose ».
À la prochaine…
Ivan Tchotourian