June 19th 2013, Towers Watson
Across much of Europe executive remuneration continues to be a matter of investor and public concern. The continuing austerity measures mean that there is a political and popular concern that ‘the pain is equally shared’. For shareholders, variable business performance and returns means that they expect executive pay to be also truly variable.
Over the last few months there has been extensive media coverage of a fresh round of European Union (EU) and national initiatives relating to senior pay, whether in financial services, general industry or the public sector.
To help remuneration committee members and HR professionals understand the implications of these, this briefing summarises recent developments, draws out common themes and highlights what these mean for good remuneration committee pay practices. Continue reading…