Excessive executive pay is of growing concern to the public. Executive remuneration has been growing much faster than average wages or share value. Company boards have largely failed to curtail this. It is the responsibility of shareholders to apply the pressure on boards to get a grip on high pay. Large shareholders have a key role here. But the majority of individuals will also be shareholders in FTSE 100 companies through their pension funds or ISAs. A company will usually manage these funds on behalf of an individual. Everyone can therefore ask their fund manager to take action with companies to curb excessive executive pay. What you can do:
- Get this article published in your church or other newsletter.
- Notify Helen Boothroyd of where it is published.
- Write to your own fund manager or investment broker.
- Use the ShareAction webtool to email your pension or ISA provider.