Thursday, May 26News That Matters
Shadow

Tag: Wates

Wates review to tackle private company pay

Wates review to tackle private company pay

Business
Bosses of private companies such as Sir James Dyson and Sir Philip Green should take account of ordinary workers' pay when awarding themselves lavish remuneration packages, a government-commissioned report will say next week. Sky News has learnt that a review led by James Wates, the chairman of family-owned construction firm Wates Group, will urge unlisted company boards to promote executive remuneration structures aligned to the sustainable long-term success of the business, according to insiders."Remuneration, including benefits, for directors and senior management should consider the broader operating context of the company, including the pay and conditions of the wider workforce," Mr Wates' review is expected to say.The recommendation will send shockwaves through the bo...