A Transparent problem with pay

A Transparent problem with pay

While institutional investors are calling for more transparency in executive pay and bonuses, a recent KPMG study found that 53% of FTSE500 company executives said their companies had no intention of increasing disclosure on pay. The survey also showed that just 19% planned to provide more informati...

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Bibliographische Detailangaben
Veröffentlicht in:Accountancy Age 2005-09, p.26
1. Verfasser: O'Hare, Sean
Format: Artikel
Sprache:eng
Schlagworte:
Disclosure
Employee benefits
Executive compensation
Incentive plans
Institutional investments
Polls & surveys
Surveys
Wages & salaries
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Beschreibung
Zusammenfassung:While institutional investors are calling for more transparency in executive pay and bonuses, a recent KPMG study found that 53% of FTSE500 company executives said their companies had no intention of increasing disclosure on pay. The survey also showed that just 19% planned to provide more information in respect of past awards and only 17% planned to provide more detailed information on future awards. Clearly, there is resistance towards increased transparency. A compromise is needed to provide clarity and to ensure that all companies can be judged fairly on this issue - and this seems to be the crux of the problem.
ISSN:0001-4672