Large private companies comprise a large and important sector of the UK economy, so we were pleased to make a submission to the FRC's consultation on the Wates Governance Principles. The conclusion of our submission reads as follows:
Business and Economy
Commenting on the BEIS announcement on corporate governance and pay ratios, Dr Wanda Wyporska, Executive Director of The Equality Trust said:
“Legislation forcing companies to publish their pay ratios is long overdue, given that a FTSE 100 CEO now earns an average (median) annual pay of £3.45 million , per year, a staggering 242 times more than that of a minimum wage worker.
Watch our Executive Director, Dr Wanda Wyporska, deliver a compelling TedX talk on the red herring of social mobility and why tackling inequality is essential.
Commenting on the Chancellor's Spring Statement, Dr Wanda Wyporska of The Equality Trust said: