Boardroom pay faces greater scrutiny
FTSE100 chief executives took home on average £1.5m in 2003, a rise of 8% on the previous year, according to new research.
The study also found the government is increasingly scrutinising the pay gap between boardroom and employees, as institutional shareholders and trade unions demand companies reveal the pay gap ratio.
Sean O’Hare, head of executive compensation at KPMG said: ‘We are already seeing a sharper focus on boardroom pay from government, institutional investors and the trade unions. The pressure is definitely on for companies to become more transparent when it comes to paying their top executive and non-executive directors.’